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

Chesswood Group Limited (TSE:CHW) passed 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 traded.

Wall Street Analyst Weigh In

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

Chesswood Group Stock Up 2.1 %

The stock’s fifty day simple moving average is C$7.93 and its 200-day simple moving average is C$7.53. The stock has a market cap of C$132.75 million, a P/E ratio of -4.39 and a beta of 2.15. 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 quarterly earnings results on Thursday, March 14th. The company reported C($0.65) EPS for the quarter, missing the consensus estimate of C($0.09) by C($0.56). Chesswood Group had a negative net margin of 28.21% and a negative return on equity of 15.79%. The firm had revenue of C$74.76 million during the quarter, compared to analyst estimates of C$79.24 million. On average, research analysts anticipate 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.