Chesswood Group (TSE:CHW) Stock Price Crosses Below Fifty Day Moving Average of $9.17

Chesswood Group Ltd (TSE:CHW) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.17 and traded as low as $9.64. Chesswood Group shares last traded at $9.71, with a volume of 7,053 shares traded.

The company has a debt-to-equity ratio of 408.78, a quick ratio of 58.30 and a current ratio of 59.91. The firm has a market cap of $161.13 million and a price-to-earnings ratio of 9.74. The firm has a 50-day moving average price of C$9.22 and a two-hundred day moving average price of C$9.86.

Chesswood Group (TSE:CHW) last issued its earnings results on Thursday, August 1st. The company reported C$0.25 earnings per share for the quarter. The business had revenue of C$31.59 million for the quarter, compared to analyst estimates of C$30.90 million. Research analysts anticipate that Chesswood Group Ltd will post 0.71 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 8.47%. The ex-dividend date is Friday, September 27th. Chesswood Group’s dividend payout ratio (DPR) is 82.43%.

In other news, insider Comrev Investments Limited purchased 20,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were bought at an average price of C$9.00 per share, with a total value of C$180,000.00. Following the completion of the transaction, the insider now directly owns 1,883,285 shares in the company, valued at approximately C$16,949,565. Also, Director Frederick William Steiner purchased 10,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were purchased at an average cost of C$8.89 per share, for a total transaction of C$88,920.00. Following the transaction, the director now owns 1,082,732 shares of the company’s stock, valued at C$9,627,652.94. In the last ninety days, insiders have acquired 32,000 shares of company stock worth $286,397.

About Chesswood Group (TSE:CHW)

Chesswood Group Limited, a financial services company, operates primarily in the specialty finance industry. It operates through Equipment Financing – U.S. and Equipment Financing – Canada segments. The Equipment Financing – U.S. segment offers micro and small-ticket commercial equipment financing to small and medium-sized businesses through a network of approximately 600 independent equipment finance broker companies in the lower 48 states of the United States.

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