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

Chesswood Group Limited (TSE:CHW) shares 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 target price on Chesswood Group from C$6.00 to C$7.00 in a report on Thursday, January 4th.

Chesswood Group Stock Up 0.1 %

The firm has a market cap of C$132.93 million, a price-to-earnings ratio of -4.40 and a beta of 2.15. The firm has a 50-day moving average of C$7.76 and a two-hundred day moving average of C$7.53. 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.

Chesswood Group (TSE:CHW) last posted its quarterly earnings data 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 net margin of 28.21% and a negative return on equity of 15.79%. The business had revenue of C$74.76 million during the quarter, compared to the consensus estimate of C$79.24 million. As a group, sell-side analysts predict that Chesswood Group Limited will post 1.1145997 earnings per share for the current fiscal 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.