Accord Financial (TSE:ACD) Shares Pass Above 50-Day Moving Average – Here’s Why

Accord Financial Corp. (TSE:ACD)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$4.14 and traded as high as C$4.20. Accord Financial shares last traded at C$4.00, with a volume of 16,930 shares traded.

Accord Financial Trading Down 3.6 %

The company’s 50 day simple moving average is C$4.14 and its 200-day simple moving average is C$4.18. The firm has a market cap of C$34.24 million, a P/E ratio of -2.02 and a beta of 1.45. The company has a quick ratio of 1.43, a current ratio of 3.64 and a debt-to-equity ratio of 428.28.

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