Chesswood Group (TSE:CHW) Stock Crosses Below Two Hundred Day Moving Average of $7.70

Chesswood Group Limited (TSE:CHW)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$7.70 and traded as low as C$7.55. Chesswood Group shares last traded at C$7.65, with a volume of 400 shares.

Analysts Set New Price Targets

Separately, Raymond James raised Chesswood Group from an “underperform” rating to a “market perform” rating and increased their price objective for the stock from C$5.00 to C$7.00 in a report on Monday, May 13th.

Chesswood Group Trading Down 5.9 %

The business has a 50 day simple moving average of C$7.33 and a 200-day simple moving average of C$7.71. 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$133.34 million, a P/E ratio of -3.51 and a beta of 2.15.

Chesswood Group (TSE:CHW) last issued its quarterly 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). The firm had revenue of C$74.76 million for the quarter, compared to the consensus estimate of C$79.24 million. Chesswood Group had a negative net margin of 38.49% and a negative return on equity of 15.79%. On average, analysts predict that Chesswood Group Limited will post 1.1475667 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.