Chesswood Group (TSE:CHW) Share Price Passes Below 200 Day Moving Average of $11.61

Chesswood Group Limited (TSE:CHW – Get Rating)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$11.61 and traded as low as C$11.01. Chesswood Group shares last traded at C$11.02, with a volume of 23,291 shares traded.

Chesswood Group Stock Down 5.0 %

The company has a current ratio of 40.42, a quick ratio of 38.05 and a debt-to-equity ratio of 951.40. The firm has a market capitalization of C$196.16 million, a P/E ratio of 7.40 and a beta of 2.14. The stock’s 50-day simple moving average is C$11.35 and its 200-day simple moving average is C$11.61.

Chesswood Group Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th were issued a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.44%. The ex-dividend date was Monday, February 27th. Chesswood Group’s dividend payout ratio is presently 40.27%.

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.