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

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 291.39 and traded as high as GBX 293.20. Chesnara shares last traded at GBX 292, with a volume of 18,594,063 shares changing hands.

Chesnara Stock Up 0.3%

The stock has a 50 day simple moving average of GBX 308.30 and a two-hundred day simple moving average of GBX 291.50. The stock has a market capitalization of £674.32 million, a P/E ratio of -69.18 and a beta of 0.49.

Chesnara (LON:CSN) last announced its quarterly earnings data on Tuesday, March 24th. The company reported GBX (5.05) earnings per share (EPS) for the quarter. Chesnara had a negative return on equity of 2.43% and a negative net margin of 1.01%. Sell-side analysts predict that Chesnara plc will post 25.3183154 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Tom Howard sold 14,890 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of GBX 295, for a total value of £43,925.50. Also, insider Steve Murray bought 17,327 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The stock was purchased at an average price of GBX 293 per share, with a total value of £50,768.11. Company insiders own 0.75% 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.