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

Chesswood Group Limited (TSE:CHW) shares reached a new 52-week low during 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.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CHW. Raymond James upgraded Chesswood Group from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from C$5.00 to C$7.00 in a research report on Monday, May 13th. Royal Bank of Canada upgraded 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.

Chesswood Group Price Performance

The stock has a 50-day moving average price of C$3.36 and a 200 day moving average price of C$6.23. The company has a debt-to-equity ratio of 894.06, a current ratio of 43.15 and a quick ratio of 38.05. The firm has a market cap of C$16.67 million, a price-to-earnings ratio of -0.44 and a beta of 1.98.

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.