Chesnara (LON:CSN) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

by · The Cerbat Gem

Chesnara plc (LON:CSN – Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 255.54 ($3.34) and traded as high as GBX 265 ($3.47). Chesnara shares last traded at GBX 254.50 ($3.33), with a volume of 186,286 shares changing hands.

Chesnara Stock Performance

The company has a market capitalization of £387.94 million, a PE ratio of 8,500.00 and a beta of 0.44. The company has a current ratio of 2.35, a quick ratio of 38.06 and a debt-to-equity ratio of 62.78. The business’s fifty day moving average is GBX 258.67 and its two-hundred day moving average is GBX 255.53.

Chesnara Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, September 19th will be issued a dividend of GBX 8.61 ($0.11) per share. This represents a dividend yield of 3.27%. The ex-dividend date is Thursday, September 19th. Chesnara’s payout ratio is currently 80,000.00%.

Insider Buying and Selling

In other news, insider Steve Murray sold 16,482 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of GBX 256 ($3.35), for a total transaction of £42,193.92 ($55,220.42). 5.47% of the stock is owned by corporate insiders.

Chesnara Company Profile

(Get Free Report)

Chesnara plc, together with its subsidiaries, operates in life assurance and pension businesses primarily in the United Kingdom, the Netherlands, and Sweden. It operates through UK, Movestic, Waard Group, and Scildon segments. The company underwrites life risks, such as death, disability, health, and accident; and provides a portfolio of investment contracts for the savings and retirement needs of customers through asset management, as well as general insurance products.

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