Accord Financial (TSE:ACD) Share Price Crosses Below 50 Day Moving Average of $8.69

Accord Financial Corp. (TSE:ACDGet Rating)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$8.69 and traded as low as C$8.39. Accord Financial shares last traded at C$8.39, with a volume of 1,300 shares.

Accord Financial Stock Performance

The stock’s 50-day moving average is C$8.69 and its 200-day moving average is C$8.70. The company has a current ratio of 1.97, a quick ratio of 1.93 and a debt-to-equity ratio of 354.36. The stock has a market cap of C$71.81 million and a price-to-earnings ratio of 7.56.

Accord Financial (TSE:ACDGet Rating) last released its quarterly earnings data on Wednesday, August 10th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$16.49 million during the quarter.

Accord Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, September 1st were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date was Friday, August 12th. Accord Financial’s dividend payout ratio is presently 22.52%.

About Accord Financial

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Accord Financial Corp., through its subsidiaries, provides asset-based financial services to industrial and commercial enterprises primarily in Canada and the United States. The company 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 and collection services.

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