Chesswood Group (TSE:CHW) Shares Pass Below 200 Day Moving Average of $14.01

Chesswood Group Limited (TSE:CHWGet Rating)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.01 and traded as low as C$13.25. Chesswood Group shares last traded at C$13.49, with a volume of 5,900 shares traded.

A number of equities research analysts recently issued reports on the stock. Raymond James set a C$17.00 price objective on shares of Chesswood Group and gave the stock an “outperform” rating in a report on Thursday, March 10th. Royal Bank of Canada upped their price objective on shares of Chesswood Group to C$16.00 and gave the stock a “sector perform” rating in a report on Monday, January 17th. Finally, Cormark upped their price objective on shares of Chesswood Group from C$23.00 to C$24.50 and gave the stock a “buy” rating in a report on Friday, March 11th.

The stock’s 50-day moving average price is C$14.30 and its 200 day moving average price is C$14.02. The firm has a market cap of C$235.01 million and a price-to-earnings ratio of 8.52. The company has a quick ratio of 31.87, a current ratio of 33.47 and a debt-to-equity ratio of 720.15.

Chesswood Group (TSE:CHWGet Rating) last announced its quarterly earnings data on Wednesday, March 9th. The company reported C$0.40 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.37 by C$0.03. The company had revenue of C$44.24 million for the quarter, compared to analyst estimates of C$41.60 million. On average, research analysts predict that Chesswood Group Limited will post 2.0699999 EPS for the current year.

The firm also recently declared a monthly dividend, which will be paid on Monday, May 16th. Shareholders of record on Saturday, April 30th will be paid a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, April 28th. Chesswood Group’s dividend payout ratio is 20.13%.

In related news, Director Gary Souverein sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, March 25th. The stock was sold at an average price of C$14.75, for a total transaction of C$221,250.00. Following the completion of the transaction, the director now owns 330,757 shares in the company, valued at approximately C$4,878,665.75.

Chesswood Group Company Profile (TSE:CHW)

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.

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