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

Accord Financial Corp. (TSE:ACD) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$3.94 and traded as high as C$4.00. Accord Financial shares last traded at C$4.00, with a volume of 1,400 shares trading hands.

Accord Financial Stock Up 2.0 %

The stock has a market capitalization of C$34.24 million, a P/E ratio of -2.02 and a beta of 1.45. The stock has a 50 day moving average price of C$3.94 and a 200-day moving average price of C$4.05. The company has a debt-to-equity ratio of 428.28, a current ratio of 3.64 and a quick ratio of 1.43.

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

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.