Chesnara (LON:CSN) Shares Pass Above 200 Day Moving Average of $261.20

Chesnara plc (LON:CSN)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 261.20 ($3.25) and traded as high as GBX 266.70 ($3.32). Chesnara shares last traded at GBX 260 ($3.24), with a volume of 75,632 shares.

Chesnara Price Performance

The company has a debt-to-equity ratio of 58.24, a quick ratio of 38.06 and a current ratio of 2.38. The firm has a fifty day simple moving average of GBX 260.45 and a 200 day simple moving average of GBX 261.20. The company has a market capitalization of £389.95 million, a PE ratio of -764.71 and a beta of 0.39.

Chesnara Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Thursday, April 11th will be given a dividend of GBX 15.61 ($0.19) per share. This is an increase from Chesnara’s previous dividend of $8.36. The ex-dividend date of this dividend is Thursday, April 11th. This represents a dividend yield of 5.96%. Chesnara’s dividend payout ratio is presently -7,058.82%.

Insider Activity

In other Chesnara news, insider Carol Hagh acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was bought at an average cost of GBX 268 ($3.34) per share, with a total value of £26,800 ($33,362.38). Insiders own 5.17% of the company’s stock.

About Chesnara

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.