Accord Financial (TSE:ACD) Hits New 12-Month Low – Time to Sell?

Shares of Accord Financial Corp. (TSE:ACD) reached a new 52-week low during trading on Wednesday . The company traded as low as C$3.75 and last traded at C$3.75, with a volume of 12300 shares trading hands. The stock had previously closed at C$3.94.

Accord Financial Price Performance

The company has a debt-to-equity ratio of 428.28, a current ratio of 3.64 and a quick ratio of 1.43. The firm has a market cap of C$31.67 million, a P/E ratio of -1.87 and a beta of 1.45. The company’s 50-day moving average is C$4.06 and its two-hundred day moving average is C$4.08.

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. The firm had revenue of C$21.21 million during the quarter. Accord Financial had a negative net margin of 58.68% and a negative return on equity of 18.33%.

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.