Chesnara (LON:CSN) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Posted by Emily Schoerning on Oct 19th, 2024

Chesnara plc (LON:CSN – Get Free Report)’s share 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 changing hands.

Chesnara Price Performance

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

Chesnara Cuts Dividend

The business 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 yield of 3.27%. Chesnara’s dividend payout ratio (DPR) is 80,000.00%.

Insider Buying and Selling at Chesnara

In other news, insider Steve Murray purchased 11,410 shares of the stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average cost of GBX 262 ($3.42) per share, with a total value of £29,894.20 ($39,036.56). Insiders own 5.47% of the company’s stock.

About Chesnara

(Get Free Report)

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.