Chesnara (LON:CSN) Shares Down 8.4% - Here's What Happened

Shares of Chesnara plc (LON:CSN - Get Free Report) dropped 8.4% on Tuesday . The company traded as low as GBX 245.79 ($3.34) and last traded at GBX 260.50 ($3.54). Approximately 1,420,583 shares traded hands during mid-day trading, an increase of 518% from the average daily volume of 229,777 shares. The stock had previously closed at GBX 284.50 ($3.87).

Chesnara Price Performance

The stock has a market cap of £388.76 million, a P/E ratio of 93.19 and a beta of 0.44. 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 business has a 50 day simple moving average of GBX 285.27 and a 200-day simple moving average of GBX 270.32.

About Chesnara

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.