Accord Financial (TSE:ACD) Shares Cross Below 50-Day Moving Average – Should You Sell?

Accord Financial Corp. (TSE:ACD) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$2.10 and traded as low as C$1.70. Accord Financial shares last traded at C$1.70, with a volume of 400 shares changing hands.

Accord Financial Trading Up 3.0%

The firm’s 50-day moving average price is C$2.10 and its two-hundred day moving average price is C$2.99. The stock has a market cap of C$14.55 million, a PE ratio of -2.24 and a beta of -0.05.

Accord Financial (TSE:ACD) last issued its quarterly earnings data on Monday, November 10th. The company reported C($0.22) earnings per share (EPS) for the quarter. The business had revenue of C$7.25 million for the quarter. Accord Financial had a negative net margin of 11.55% and a negative return on equity of 10.58%.

About Accord Financial

Accord Financial Corp. is a Canada-based commercial finance company serving clients throughout the United States and Canada. The Company operates six finance companies in North America, namely, Accord Financial Ltd. (AFL), Accord Financial Inc (AFIC) and Accord Financial Canada Corp. (AFCC) in Canada, and Accord Financial, Inc (AFIU), BondIt Media Capital (BondIt) and Accord Equipment Finance (AEF) in the United States. The Company’s business principally involves asset-based lending by AFIC and AFIU, which entails financing or purchasing receivables on a recourse basis, as well as financing other tangible assets, such as inventory and equipment; equipment financing (leasing and equipment loans) by AEF and AFCC.