Chesswood Group (TSE:CHW) Hits New 1-Year Low at $8.41

Shares of Chesswood Group Ltd (TSE:CHW) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$8.41 and last traded at C$8.71, with a volume of 20818 shares changing hands. The stock had previously closed at C$8.89.

The stock’s fifty day simple moving average is C$9.76. The firm has a market capitalization of $150.86 million and a price-to-earnings ratio of 8.53. The company has a debt-to-equity ratio of 408.78, a quick ratio of 58.30 and a current ratio of 59.91.

Chesswood Group (TSE:CHW) last released its quarterly earnings results on Tuesday, May 14th. The company reported C$0.21 EPS for the quarter. The firm had revenue of C$30.76 million for the quarter, compared to analysts’ expectations of C$30.70 million. As a group, equities research analysts anticipate that Chesswood Group Ltd will post 0.7099999 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.67%. Chesswood Group’s dividend payout ratio (DPR) is currently 82.43%.

In other news, Director Gary Souverein purchased 11,000 shares of Chesswood Group stock in a transaction dated Tuesday, May 21st. The stock was purchased at an average cost of C$10.02 per share, for a total transaction of C$110,206.80. Following the transaction, the director now directly owns 222,942 shares of the company’s stock, valued at C$2,233,611.31.

Chesswood Group Company Profile (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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