Accord Financial (TSE:ACD) Shares Cross Above Fifty Day Moving Average – Here’s Why

Accord Financial Corp. (TSE:ACD) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$3.98 and traded as high as C$3.98. Accord Financial shares last traded at C$3.92, with a volume of 300 shares traded.

Accord Financial Trading Down 3.1 %

The firm has a fifty day moving average of C$3.97 and a 200 day moving average of C$4.06. The firm has a market capitalization of C$32.53 million, a PE ratio of -1.92 and a beta of 1.45. The company has a debt-to-equity ratio of 428.28, a quick ratio of 1.43 and a current ratio of 3.64.

Accord Financial (TSE:ACD) last posted 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 net margin of 58.68% and a negative return on equity of 18.33%. The firm 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.