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

Chesswood Group Limited (TSE:CHW - Get Free Report)'s stock price 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.

Wall Street Analyst Weigh In

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

Chesswood Group Stock Down 0.6 %

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 stock's 50-day moving average price is C$7.91 and its 200-day moving average price is C$7.53. The stock has a market cap of C$132.02 million, a price-to-earnings ratio of -4.42 and a beta of 2.15.

Chesswood Group (TSE:CHW - Get Free Report) last released 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 net margin of 28.21% and a negative return on equity of 15.79%. The company had revenue of C$74.76 million for the quarter, compared to analyst estimates of C$79.24 million. On average, sell-side analysts expect that Chesswood Group Limited will post 1.1145997 earnings per share 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.