Accord Financial (TSE:ACD) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Accord Financial Corp. (TSE:ACD) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.07 and traded as low as C$3.71. Accord Financial shares last traded at C$3.71, with a volume of 400 shares trading hands.

Accord Financial Trading Down 2.1 %

The company’s 50-day moving average is C$4.02 and its 200 day moving average is C$4.07. The company has a current ratio of 3.64, a quick ratio of 1.43 and a debt-to-equity ratio of 428.28. The firm has a market cap of C$31.76 million, a PE ratio of -1.87 and a beta of 1.45.

Accord Financial (TSE:ACD) last posted its earnings results on Wednesday, November 6th. The company reported C($0.16) EPS for the quarter. The business had revenue of C$21.21 million during the quarter. Accord Financial had a negative return on equity of 18.33% and a negative net margin of 58.68%.

Accord Financial Company Profile

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