Accord Financial (TSE:ACD) Stock Price Down 20.7% – What’s Next?

Shares of Accord Financial Corp. (TSE:ACD) were down 20.7% during trading on Tuesday . The company traded as low as C$0.96 and last traded at C$0.96. Approximately 178,275 shares changed hands during trading, an increase of 2,781% from the average daily volume of 6,187 shares. The stock had previously closed at C$1.21.

Accord Financial Trading Up 8.0%

The stock has a market cap of C$6.93 million, a PE ratio of -0.23 and a beta of 0.17. The business’s fifty day moving average is C$1.39 and its 200 day moving average is C$1.76. The company has a quick ratio of 1.43, a current ratio of 1.79 and a debt-to-equity ratio of 279.35.

Accord Financial (TSE:ACD) last announced its quarterly earnings results on Friday, May 15th. The company reported C($0.06) earnings per share (EPS) for the quarter. Accord Financial had a negative net margin of 59.84% and a negative return on equity of 50.82%. The business had revenue of C$4.26 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.