Chesnara (LON:CSN) Trading Down 9.5% - Here's What Happened

Shares of Chesnara plc (LON:CSN - Get Free Report) fell 9.5% on Tuesday . The stock traded as low as GBX 245.79 ($3.34) and last traded at GBX 257.55 ($3.50). 1,795,476 shares were traded during mid-day trading, an increase of 672% from the average session volume of 232,661 shares. The stock had previously closed at GBX 284.50 ($3.87).

Chesnara Stock Down 10.2%

The firm's 50 day moving average is GBX 285.28 and its two-hundred day moving average is GBX 270.21. The stock has a market cap of £388.76 million, a price-to-earnings ratio of 93.19 and a beta of 0.44. The company has a current ratio of 2.55, a quick ratio of 38.06 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.