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

Chesswood Group Limited (TSE:CHW) 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.

Wall Street Analysts Forecast Growth

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

Chesswood Group Stock Up 1.3 %

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 capitalization of C$132.75 million, a P/E ratio of -4.39 and a beta of 2.15. The company’s fifty day simple moving average is C$7.78 and its 200 day simple moving average is C$7.53.

Chesswood Group (TSE:CHW) last issued its quarterly earnings data 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). The company had revenue of C$74.76 million during the quarter, compared to the consensus estimate of C$79.24 million. Chesswood Group had a negative return on equity of 15.79% and a negative net margin of 28.21%. Research analysts expect 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.