Accord Financial (TSE:ACD) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Accord Financial Corp. (TSE:ACD) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.31 and traded as low as C$1.50. Accord Financial shares last traded at C$1.50, with a volume of 3,101 shares.

Accord Financial Trading Down 2.0%

The stock has a market cap of C$12.84 million, a PE ratio of -1.97 and a beta of -0.05. The company’s 50-day moving average price is C$1.81 and its 200 day moving average price is C$2.31. The company has a debt-to-equity ratio of 453.32, a quick ratio of 1.43 and a current ratio of 0.03.

Accord Financial (TSE:ACD) last posted its earnings results on Wednesday, April 1st. The company reported C($1.39) earnings per share (EPS) for the quarter. Accord Financial had a negative return on equity of 8.24% and a negative net margin of 9.45%.The business had revenue of C$5.11 million for the quarter.

Accord Financial Company Profile

Accord Financial is one of North America’s most dynamic commercial finance companies providing fast, versatile financing solutions for including asset-based lending, factoring, inventory finance, equipment finance (Canada), trade finance and film/media finance. By leveraging our unique combination of deep experience and independent thinking, we craft winning financial solutions for small and medium-sized businesses, simply delivered, so our clients can thrive.