Chesnara (LON:CSN) Stock Passes Above 200 Day Moving Average – Should You Sell?

Shares of Chesnara plc (LON:CSN) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 253.94 ($3.27) and traded as high as GBX 259 ($3.33). Chesnara shares last traded at GBX 257 ($3.31), with a volume of 84,115 shares traded.

Chesnara Price Performance

The company has a debt-to-equity ratio of 62.78, a quick ratio of 38.06 and a current ratio of 2.35. The stock has a market capitalization of £387.94 million, a P/E ratio of 8,566.67 and a beta of 0.44. The business has a fifty day simple moving average of GBX 256.20 and a 200-day simple moving average of GBX 253.94.

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 paid a dividend of GBX 8.61 ($0.11) per share. This represents a yield of 3.27%. The ex-dividend date of this dividend was Thursday, September 19th. Chesnara’s dividend payout ratio (DPR) is presently 80,000.00%.

Insider Transactions at Chesnara

In other news, insider Steve Murray bought 11,410 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average price of GBX 262 ($3.37) per share, with a total value of £29,894.20 ($38,468.92). Company insiders own 5.47% 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.