Automotive Finco (CVE:AFCC) Stock Price Down 1.7%

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Automotive Finco Corp (CVE:AFCC)’s stock price was down 1.7% during mid-day trading on Wednesday . The company traded as low as C$1.70 and last traded at C$1.70, approximately 10,950 shares traded hands during trading. A decline of 64% from the average daily volume of 30,113 shares. The stock had previously closed at C$1.73.

The stock has a market capitalization of $40.24 million and a price-to-earnings ratio of 12.14. The business has a 50-day moving average of C$1.72 and a 200-day moving average of C$1.63. The company has a debt-to-equity ratio of 55.16, a quick ratio of 61.06 and a current ratio of 61.08.

Automotive Finco Company Profile (CVE:AFCC)

Automotive Finco Corp., a specialty finance company, focuses on the auto retail sector in Canada and internationally. The company, through its investment in Automotive Finance LP, intends to provide long term and debt based acquisition financing to auto dealerships. It also focuses on direct investments in the auto retail sector.

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