Chesnara (LON:CSN) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Chesnara plc (LON:CSN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 260.11 ($3.36) and traded as high as GBX 266 ($3.43). Chesnara shares last traded at GBX 252 ($3.25), with a volume of 452,244 shares.

Chesnara Price Performance

The company has a market cap of £383.44 million, a price-to-earnings ratio of 91.91 and a beta of 0.44. The company’s 50-day simple moving average is GBX 266.08 and its 200-day simple moving average is GBX 260.11. The company has a debt-to-equity ratio of 62.42, a current ratio of 2.55 and a quick ratio of 38.06.

Chesnara (LON:CSN) last announced its earnings results on Friday, March 28th. The company reported GBX 2.56 ($0.03) earnings per share for the quarter. Chesnara had a return on equity of 1.21% and a net margin of 1.02%. On average, equities research analysts anticipate that Chesnara plc will post 25.3183154 EPS for the current year.

Chesnara Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, April 14th. Stockholders of record on Thursday, April 10th will be given a GBX 23.95 ($0.31) dividend. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 4.24%. This is an increase from Chesnara’s previous dividend of $8.61. Chesnara’s payout ratio is presently 875.33%.

Insider Transactions at Chesnara

In other news, insider Steve Murray acquired 11,012 shares of Chesnara stock in a transaction that occurred on Friday, March 28th. The shares were purchased at an average cost of GBX 272 ($3.51) per share, for a total transaction of £29,952.64 ($38,638.60). Corporate insiders own 5.47% of the company’s stock.

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.