Accord Financial (TSE:ACD) Stock Price Down 20.7% – Here’s Why

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

Accord Financial Stock Performance

The company has a debt-to-equity ratio of 279.35, a quick ratio of 1.43 and a current ratio of 1.79. The business has a 50 day moving average price of C$1.44 and a two-hundred day moving average price of C$1.79. The company has a market cap of C$8.22 million, a P/E ratio of -0.27 and a beta of 0.17.

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

Accord Financial Company Profile

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.