Chesswood Group (TSE:CHW) Sets New 1-Year Low at $1.60

Shares of Chesswood Group Limited (TSE:CHW) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$1.60 and last traded at C$1.60, with a volume of 31187 shares. The stock had previously closed at C$1.79.

Wall Street Analysts Forecast Growth

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

Chesswood Group Stock Down 49.7 %

The firm has a market cap of C$16.67 million, a P/E ratio of -0.44 and a beta of 1.98. The business’s fifty day moving average price is C$3.36 and its two-hundred day moving average price is C$6.23. The company has a current ratio of 43.15, a quick ratio of 38.05 and a debt-to-equity ratio of 894.06.

About Chesswood Group

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.