Accord Financial (TSE:ACD) Sets New 1-Year Low – Here’s What Happened

Accord Financial Corp. (TSE:ACD)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as C$3.75 and last traded at C$3.75, with a volume of 12300 shares. The stock had previously closed at C$3.94.

Accord Financial Price Performance

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 company has a 50 day moving average of C$4.06 and a 200-day moving average of C$4.08. The firm has a market capitalization of C$31.67 million, a P/E 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) earnings per share for the quarter. Accord Financial had a negative return on equity of 18.33% and a negative net margin of 58.68%. The firm had revenue of C$21.21 million for the quarter.

About Accord Financial

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.