Accord Financial (TSE:ACD) Shares Cross Above 50-Day Moving Average – What’s Next?

Accord Financial Corp. (TSE:ACD)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$3.94 and traded as high as C$4.00. Accord Financial shares last traded at C$4.00, with a volume of 1,400 shares changing hands.

Accord Financial Stock Performance

The company has a market capitalization of C$34.24 million, a PE ratio of -2.02 and a beta of 1.45. The firm’s 50-day simple moving average is C$3.94 and its 200-day simple moving average is C$4.05. 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 quarterly earnings data on Wednesday, November 6th. The company reported C($0.16) earnings per share (EPS) for the quarter. The firm 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%.

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.