Chesnara (LON:CSN) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Chesnara plc (LON:CSN)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 255.35 ($3.33) and traded as high as GBX 256.75 ($3.35). Chesnara shares last traded at GBX 253 ($3.30), with a volume of 548,546 shares traded.

Chesnara Trading Up 0.2 %

The stock has a 50 day moving average of GBX 258.58 and a 200 day moving average of GBX 255.26. The company has a debt-to-equity ratio of 62.78, a current ratio of 2.35 and a quick ratio of 38.06. The firm has a market cap of £380.39 million, a P/E ratio of 8,400.00 and a beta of 0.44.

Chesnara Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, September 19th will be issued a dividend of GBX 8.61 ($0.11) per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a dividend yield of 3.27%. Chesnara’s dividend payout ratio is 80,000.00%.

Insiders Place Their Bets

In other news, insider Steve Murray sold 16,482 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of GBX 256 ($3.34), for a total value of £42,193.92 ($55,097.83). 5.47% of the stock is owned by insiders.

Chesnara Company Profile

Chesnara plc, together with its subsidiaries, operates in life assurance and pension businesses primarily in the United Kingdom, the Netherlands, and Sweden. It operates through UK, Movestic, Waard Group, and Scildon segments. The company underwrites life risks, such as death, disability, health, and accident; and provides a portfolio of investment contracts for the savings and retirement needs of customers through asset management, as well as general insurance products.