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

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

Automotive Finco Price Performance

The company has a 50 day simple moving average of C$1.67 and a 200 day simple moving average of C$1.67. The company has a market capitalization of C$33.10 million and a price-to-earnings ratio of -13.92. The company has a quick ratio of 77.72, a current ratio of 77.76 and a debt-to-equity ratio of 55.16.

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.

Further Reading

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