Chesnara (LON:CSN) Stock Price Down 10.2% - Here's Why

Shares of Chesnara plc (LON:CSN - Get Free Report) dropped 10.2% during mid-day trading on Wednesday . The stock traded as low as GBX 245.79 ($3.32) and last traded at GBX 255.50 ($3.45). Approximately 1,672,399 shares changed hands during trading, an increase of 622% from the average daily volume of 231,714 shares. The stock had previously closed at GBX 284.50 ($3.84).

Chesnara Stock Performance

The firm has a fifty day simple moving average of GBX 284.86 and a 200-day simple moving average of GBX 270.07. The company has a market cap of £394.09 million, a PE ratio of 94.46 and a beta of 0.44. The company has a quick ratio of 38.06, a current ratio of 2.55 and a debt-to-equity ratio of 62.42.

Chesnara Company Profile

Chesnara (CSN.L) is a European life and pensions consolidator listed on the London Stock Exchange. It administers approximately one million policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden. Following a three-pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests.