Accord Financial (TSE:ACD) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Accord Financial Corp. (TSE:ACD) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Accord Financial Stock Performance

The company has a current ratio of 0.03, a quick ratio of 1.43 and a debt-to-equity ratio of 453.32. The stock has a 50-day simple moving average of C$1.80 and a 200 day simple moving average of C$2.31. The company has a market cap of C$12.84 million, a price-to-earnings ratio of -1.97 and a beta of -0.05.

Accord Financial (TSE:ACD) last announced its quarterly earnings data 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 firm had revenue of C$5.11 million during the quarter.

About Accord Financial

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.