Accord Financial (TSE:ACD) Shares Cross Below 200-Day Moving Average – What’s Next?

Accord Financial Corp. (TSE:ACD) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.25 and traded as low as C$4.14. Accord Financial shares last traded at C$4.20, with a volume of 1,000 shares traded.

Accord Financial Price Performance

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 has a fifty day moving average of C$4.15 and a 200-day moving average of C$4.25. The stock has a market capitalization of C$35.10 million, a price-to-earnings ratio of -2.07 and a beta of 1.45.

Accord Financial (TSE:ACD) last announced its quarterly earnings results on Thursday, August 8th. The company reported C($0.09) earnings per share for the quarter. The company had revenue of C$19.96 million during the quarter. Accord Financial had a negative net margin of 58.68% and a negative return on equity of 18.33%.

About Accord Financial

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 and collection services.