Chesswood Group (TSE:CHW) Share Price Passes Below 200-Day Moving Average of $7.53

Shares of Chesswood Group Limited (TSE:CHW) crossed below its 200-day moving average during trading on Wednesday . 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 3,600 shares changing hands.

Analysts Set New Price Targets

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

Chesswood Group Stock Up 0.6 %

The business’s 50-day moving average price is C$7.89 and its 200-day moving average price is C$7.53. The company has a quick ratio of 38.05, a current ratio of 44.92 and a debt-to-equity ratio of 1,047.24. The firm has a market capitalization of C$132.75 million, a PE ratio of -4.37 and a beta of 2.15.

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 analysts’ consensus estimates of C($0.09) by C($0.56). The company had revenue of C$74.76 million during the quarter, compared to analysts’ expectations of C$79.24 million. Chesswood Group had a negative return on equity of 15.79% and a negative net margin of 28.21%. As a group, equities research analysts predict that Chesswood Group Limited will post 1.1145997 EPS for the current fiscal 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.