Accord Financial (TSE:ACD) Stock Passes Below 200 Day Moving Average – What’s Next?

Accord Financial Corp. (TSE:ACDGet Free Report)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.19 and traded as low as C$0.72. Accord Financial shares last traded at C$0.82, with a volume of 10,896 shares trading hands.

Accord Financial Stock Performance

The company has a quick ratio of 1.43, a current ratio of 1.82 and a debt-to-equity ratio of 253.55. The company has a market capitalization of C$7.02 million, a PE ratio of -0.22 and a beta of 0.13. The business has a 50 day simple moving average of C$0.62 and a 200 day simple moving average of C$1.18.

Accord Financial (TSE:ACDGet Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported C($0.16) earnings per share for the quarter. Accord Financial had a negative return on equity of 62.48% and a negative net margin of 76.82%.The business had revenue of C$4.11 million for the quarter.

About Accord Financial

(Get Free Report)

Accord Financial is one of North America’s most dynamic commercial finance companies providing fast, versatile financing solutions for including asset-based lending, factoring, inventory finance, equipment finance (Canada), trade finance and film/media finance. By leveraging our unique combination of deep experience and independent thinking, we craft winning financial solutions for small and medium-sized businesses, simply delivered, so our clients can thrive.

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