Chesswood Group (TSE:CHW) Share Price Crosses Below 200-Day Moving Average of $11.90

Chesswood Group Limited (TSE:CHW – Get Rating)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.90 and traded as low as C$11.00. Chesswood Group shares last traded at C$11.25, with a volume of 8,690 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CHW shares. Cormark dropped their target price on Chesswood Group from C$21.50 to C$16.25 in a report on Tuesday, November 8th. Royal Bank of Canada decreased their target price on shares of Chesswood Group from C$15.00 to C$14.00 in a research note on Monday, October 24th. Finally, Raymond James reduced their price objective on shares of Chesswood Group from C$19.00 to C$17.00 and set an “outperform” rating for the company in a research report on Tuesday, November 8th.

Chesswood Group Price Performance

The company has a debt-to-equity ratio of 951.40, a quick ratio of 38.05 and a current ratio of 40.42. The stock has a market cap of C$199.23 million and a price-to-earnings ratio of 7.31. The business’s fifty day simple moving average is C$11.26 and its 200 day simple moving average is C$11.90.

Chesswood Group (TSE:CHW – Get Rating) last released its earnings results on Monday, November 7th. The company reported C$0.58 earnings per share for the quarter, topping the consensus estimate of C$0.47 by C$0.11. The company had revenue of C$73.05 million during the quarter, compared to the consensus estimate of C$75.95 million. Research analysts predict that Chesswood Group Limited will post 1.8285714 EPS for the current fiscal year.

Chesswood Group Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, January 16th. Investors of record on Friday, December 30th were given a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date was Thursday, December 29th. Chesswood Group’s dividend payout ratio is presently 27.92%.

About Chesswood Group

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Chesswood Group Limited, a financial services company, operates primarily in the specialty finance industry. The company offers micro and small-ticket commercial equipment financing to small and medium-sized businesses through a network of approximately 600 equipment finance broker firms and equipment vendors in the United States; and commercial equipment financing to small and medium businesses through a network of approximately 60 equipment finance broker firms in Canada.