Accord Financial (TSE:ACD) Sets New 12-Month Low – Here’s Why

Accord Financial Corp. (TSE:ACD) reached a new 52-week low during trading on Friday . The company traded as low as C$3.38 and last traded at C$3.64, with a volume of 7700 shares traded. The stock had previously closed at C$3.81.

Accord Financial Price Performance

The company has a debt-to-equity ratio of 428.28, a quick ratio of 1.43 and a current ratio of 3.64. The firm has a market capitalization of C$31.16 million, a price-to-earnings ratio of -1.84 and a beta of 1.45. The company has a 50-day moving average of C$3.92 and a 200-day moving average of C$4.05.

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

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, investigation, protection, and collection services.