Automotive Finco (CVE:AFCC) Trading Down 2.9% – Here’s Why

Automotive Finco Corp. (CVE:AFCCGet Free Report) fell 2.9% on Monday . The company traded as low as C$1.67 and last traded at C$1.67. 85,741 shares were traded during trading, an increase of 185% from the average session volume of 30,108 shares. The stock had previously closed at C$1.72.

Automotive Finco Stock Down 2.9 %

The company has a fifty day simple moving average of C$1.67 and a two-hundred day simple moving average of C$1.67. The firm has a market capitalization of C$33.10 million and a PE ratio of -13.92. The company has a debt-to-equity ratio of 55.16, a quick ratio of 77.72 and a current ratio of 77.76.

About Automotive Finco

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Automotive Finco Corp., a specialty finance company, focuses on the auto retail sector in Canada and internationally. The company, through its investment in Automotive Finance LP, intends to provide long term and debt based acquisition financing to auto dealerships. It also focuses on direct investments in the auto retail sector.

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