Chesswood Group (TSE:CHW) Shares Pass Below Two Hundred Day Moving Average of $7.53

Chesswood Group Limited (TSE:CHW) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$7.53 and traded as low as C$7.14. Chesswood Group shares last traded at C$7.25, with a volume of 17,507 shares traded.

Analyst Ratings Changes

Separately, Royal Bank of Canada increased their price target on shares of Chesswood Group from C$6.00 to C$7.00 in a research report on Thursday, January 4th.

Chesswood Group Price Performance

The company has a current ratio of 44.92, a quick ratio of 38.05 and a debt-to-equity ratio of 1,047.24. The firm has a market cap of C$132.75 million, a price-to-earnings ratio of -4.39 and a beta of 2.15. The company’s 50-day moving average is C$7.78 and its 200-day moving average is C$7.53.

Chesswood Group (TSE:CHW) last posted its quarterly earnings results on Thursday, March 14th. The company reported C($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.09) by C($0.56). The firm had revenue of C$74.76 million for the quarter, compared to analyst estimates of C$79.24 million. Chesswood Group had a negative return on equity of 15.79% and a negative net margin of 28.21%. Equities research analysts predict that Chesswood Group Limited will post 1.1145997 earnings per share for the current year.

About Chesswood Group

Chesswood Group Limited operates primarily in the specialty finance industry in North America. The company offers micro and small-ticket commercial equipment financing and origination to small and medium-sized businesses through the third-party broker and equipment vendor channels; and commercial equipment financing and loans to small and medium-sized businesses.