Chesnara (LON:CSN) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Chesnara plc (LON:CSN)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 254.10 ($3.22) and traded as high as GBX 257.50 ($3.27). Chesnara shares last traded at GBX 252 ($3.20), with a volume of 67,987 shares trading hands.

Chesnara Stock Performance

The stock has a market capitalization of £381.15 million, a price-to-earnings ratio of 8,400.00 and a beta of 0.44. The company’s fifty day simple moving average is GBX 255.98 and its 200 day simple moving average is GBX 254.10. The company has a quick ratio of 38.06, a current ratio of 2.35 and a debt-to-equity ratio of 62.78.

Chesnara Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, September 19th were issued a GBX 8.61 ($0.11) dividend. The ex-dividend date was Thursday, September 19th. This represents a dividend yield of 3.27%. Chesnara’s dividend payout ratio is currently 80,000.00%.

Insider Buying and Selling at Chesnara

In other Chesnara news, insider Steve Murray purchased 11,410 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average cost of GBX 262 ($3.32) per share, for a total transaction of £29,894.20 ($37,936.80). Corporate insiders own 5.47% of the company’s stock.

Chesnara Company Profile

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.