Chesnara (LON:CSN) Shares Pass Above 200 Day Moving Average – Here’s Why

Shares of Chesnara plc (LON:CSN) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 259.17 ($3.35) and traded as high as GBX 272.50 ($3.52). Chesnara shares last traded at GBX 271.50 ($3.51), with a volume of 193,176 shares traded.

Chesnara Stock Performance

The firm’s 50 day moving average price is GBX 263.30 and its 200-day moving average price is GBX 259.17. The company has a debt-to-equity ratio of 62.42, a current ratio of 2.55 and a quick ratio of 38.06. The firm has a market cap of £413.11 million, a price-to-earnings ratio of 99.02 and a beta of 0.44.

About Chesnara

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.