Chesnara (LON:CSN) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Chesnara plc (LON:CSN - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 266.94 ($3.61) and traded as high as GBX 300 ($4.06). Chesnara shares last traded at GBX 296 ($4.01), with a volume of 118,303 shares.

Chesnara Price Performance

The company has a quick ratio of 38.06, a current ratio of 2.55 and a debt-to-equity ratio of 62.42. The firm has a market cap of £451.91 million, a P/E ratio of 108.32 and a beta of 0.44. The business's 50 day moving average is GBX 277.21 and its two-hundred day moving average is GBX 267.66.

Chesnara (LON:CSN - Get Free Report) last posted its quarterly earnings results on Friday, March 28th. The company reported GBX 2.56 ($0.03) EPS for the quarter. Chesnara had a net margin of 1.02% and a return on equity of 1.21%. As a group, analysts anticipate that Chesnara plc will post 25.3183154 earnings per share for the current year.

Chesnara Increases Dividend

The business also recently declared a dividend, which was paid on Monday, April 14th. Shareholders of record on Thursday, April 10th were issued a GBX 23.95 ($0.32) dividend. This represents a yield of 4.24%. This is a boost from Chesnara's previous dividend of $8.61. The ex-dividend date of this dividend was Thursday, April 10th. Chesnara's dividend payout ratio (DPR) is presently 875.33%.

Insiders Place Their Bets

In other Chesnara news, insider Steve Murray acquired 11,012 shares of Chesnara stock in a transaction dated Friday, March 28th. The stock was purchased at an average cost of GBX 272 ($3.68) per share, for a total transaction of £29,952.64 ($40,553.26). Corporate insiders own 5.47% of the company's stock.

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.