Chesswood Group (TSE:CHW) Hits New 1-Year Low at $1.66

Chesswood Group Limited (TSE:CHW) hit a new 52-week low on Wednesday . The company traded as low as C$1.66 and last traded at C$1.67, with a volume of 34216 shares changing hands. The stock had previously closed at C$1.82.

Wall Street Analyst Weigh In

CHW has been the subject of a number of research reports. Royal Bank of Canada upgraded shares of Chesswood Group from an “underperform” rating to a “sector perform” rating and reduced their target price for the stock from C$7.00 to C$3.50 in a report on Monday, July 29th. Raymond James upgraded shares of Chesswood Group from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from C$5.00 to C$7.00 in a research report on Monday, May 13th.

Chesswood Group Price Performance

The company has a current ratio of 44.92, a quick ratio of 38.05 and a debt-to-equity ratio of 1,047.24. The stock has a fifty day simple moving average of C$3.80 and a 200-day simple moving average of C$6.43. The stock has a market cap of C$33.34 million, a price-to-earnings ratio of -0.88 and a beta of 2.15.

Chesswood Group (TSE:CHW) last released its earnings results on Wednesday, May 8th. The company reported C($0.25) earnings per share for the quarter, missing the consensus estimate of C($0.05) by C($0.20). The company had revenue of C$68.80 million during the quarter, compared to the consensus estimate of C$71.90 million. Chesswood Group had a negative net margin of 38.49% and a negative return on equity of 15.79%. As a group, equities research analysts expect that Chesswood Group Limited will post 1.1459969 EPS for the current year.

Chesswood Group Company Profile

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.