Accord Financial (TSE:ACD) Shares Pass Below 200-Day Moving Average – Time to Sell?

Accord Financial Corp. (TSE:ACD) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$4.04 and traded as low as C$3.70. Accord Financial shares last traded at C$3.96, with a volume of 1,600 shares changing hands.

Accord Financial Stock Performance

The stock has a 50-day simple moving average of C$3.89 and a 200-day simple moving average of C$4.04. The company has a market capitalization of C$33.90 million, a price-to-earnings ratio of -2.00 and a beta of 1.45. The company has a current ratio of 3.64, a quick ratio of 1.43 and a debt-to-equity ratio of 428.28.

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

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.