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

Chesnara plc (LON:CSN - Get Free Report)'s share price fell 8.4% during mid-day trading on Tuesday . The stock traded as low as GBX 245.79 ($3.32) and last traded at GBX 260.50 ($3.51). 1,420,583 shares were traded during trading, an increase of 518% from the average session volume of 229,777 shares. The stock had previously closed at GBX 284.50 ($3.84).

Chesnara Price Performance

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 company has a 50-day moving average of GBX 284.86 and a 200-day moving average of GBX 270.02. The firm has a market capitalization of £394.09 million, a price-to-earnings 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.