Chesswood Group (TSE:CHW) Share Price Crosses Below Two Hundred Day Moving Average of $8.36

Chesswood Group Limited (TSE:CHW) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$8.36 and traded as low as C$6.91. Chesswood Group shares last traded at C$6.97, with a volume of 10,899 shares.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada downgraded Chesswood Group from a “sector perform” rating to an “underperform” rating and reduced their price objective for the company from C$9.00 to C$8.00 in a research report on Wednesday, August 9th.

Chesswood Group Trading Down 1.8 %

The company has a debt-to-equity ratio of 958.64, a current ratio of 58.32 and a quick ratio of 38.05. The firm has a market cap of C$125.32 million, a price-to-earnings ratio of 6.45 and a beta of 2.15. The business’s 50-day moving average price is C$7.50 and its two-hundred day moving average price is C$8.34.

Chesswood Group Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a $0.05 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.60 annualized dividend and a yield of 8.61%. Chesswood Group’s dividend payout ratio (DPR) is presently 55.56%.

Insider Transactions at Chesswood Group

In other Chesswood Group news, insider CB Leaseco Holdings Inc. bought 76,208 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average cost of C$6.70 per share, for a total transaction of C$510,593.60. Insiders own 38.33% of the company’s stock.

Chesswood Group Company Profile

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 equipment finance broker firms and equipment vendors in the United States; and commercial equipment financing to small and medium businesses through a network of equipment finance broker firms in Canada.