Chesswood Group (TSE:CHW) Share Price Crosses Below Two Hundred Day Moving Average of $7.53

Chesswood Group Limited (TSE:CHW)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analysts Set New Price Targets

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

Chesswood Group Stock Performance

The company has a market cap of C$132.93 million, a P/E ratio of -4.40 and a beta of 2.15. The stock’s 50-day moving average price is C$7.76 and its 200-day moving average price is C$7.53. The company has a debt-to-equity ratio of 1,047.24, a current ratio of 44.92 and a quick ratio of 38.05.

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

Chesswood Group Company Profile

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.