Automotive Finco (CVE:AFCC) Trading Down 2.9% – Here’s Why

Shares of Automotive Finco Corp. (CVE:AFCC) traded down 2.9% on Tuesday . The stock traded as low as C$1.67 and last traded at C$1.67. 85,741 shares traded hands during trading, an increase of 185% from the average session volume of 30,108 shares. The stock had previously closed at C$1.72.

Automotive Finco Stock Down 2.9%

The stock has a market cap of C$33.10 million and a price-to-earnings ratio of -13.92. The business’s 50 day moving average is C$1.67 and its 200-day moving average is C$1.67. The company has a debt-to-equity ratio of 55.16, a quick ratio of 77.72 and a current ratio of 77.76.

Automotive Finco Company Profile

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. The company was formerly known as Augyva Mining Resources Inc and changed its name to Automotive Finco Corp. in March 2017. The company was incorporated in 1986 and is headquartered in Toronto, Canada.