Chesswood Group (TSE:CHW) Shares Cross Below 200-Day Moving Average of $7.53

Shares of Chesswood Group Limited (TSE:CHW) passed below its two hundred day moving average during trading on Wednesday . 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 3,600 shares traded.

Wall Street Analyst Weigh In

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

Chesswood Group Trading Up 2.1 %

The company has a 50 day moving average of C$7.93 and a two-hundred day moving average of C$7.53. The company has a debt-to-equity ratio of 1,047.24, a quick ratio of 38.05 and a current ratio of 44.92. The stock has a market capitalization of C$132.75 million, a PE ratio of -4.39 and a beta of 2.15.

Chesswood Group (TSE:CHW) last announced its earnings results on Thursday, March 14th. The company reported C($0.65) earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of C$79.24 million. Sell-side analysts predict that Chesswood Group Limited will post 1.1145997 EPS 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.