Accord Financial (TSE:ACD) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Shares of Accord Financial Corp. (TSE:ACD) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.04 and traded as low as C$3.70. Accord Financial shares last traded at C$3.96, with a volume of 1,600 shares traded.

Accord Financial Price Performance

The stock has a market capitalization of C$33.90 million, a PE ratio of -2.00 and a beta of 1.45. The company has a quick ratio of 1.43, a current ratio of 3.64 and a debt-to-equity ratio of 428.28. The stock’s 50-day moving average is C$3.89 and its 200 day moving average is C$4.04.

Accord Financial (TSE:ACD) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C($0.16) earnings per share (EPS) for the quarter. Accord Financial had a negative return on equity of 18.33% and a negative net margin of 58.68%. The firm had revenue of C$21.21 million for the quarter.

Accord Financial Company Profile

Accord Financial Corp., through its subsidiaries, provides asset-based financial services to industrial and commercial enterprises primarily in Canada and the United States. It is involved in the asset-based lending, which entails financing or purchasing receivables on a recourse basis, as well as financing other tangible assets, such as inventory and equipment; and provision of lease and equipment, working capital, and film and media production financing, as well as credit guarantees, investigation, protection, and collection services.