Chesnara (LON:CSN) Shares Down 7.6% - Here's Why

Chesnara plc (LON:CSN - Get Free Report)'s share price traded down 7.6% on Tuesday . The stock traded as low as GBX 245.79 ($3.32) and last traded at GBX 263 ($3.55). 1,286,289 shares were traded during mid-day trading, an increase of 462% from the average session volume of 228,744 shares. The stock had previously closed at GBX 284.50 ($3.84).

Chesnara Stock Performance

The company's fifty day simple moving average is GBX 284.86 and its two-hundred day simple moving average is GBX 270.02. The company has a debt-to-equity ratio of 62.42, a quick ratio of 38.06 and a current ratio of 2.55. The stock has a market capitalization of £394.09 million, a P/E ratio of 94.46 and a beta of 0.44.

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.