Accord Financial (TSE:ACD) Reaches New 1-Year Low – What’s Next?

Accord Financial Corp. (TSE:ACD)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$1.50 and last traded at C$1.50, with a volume of 5601 shares trading hands. The stock had previously closed at C$1.50.

Accord Financial Price Performance

The firm has a 50-day moving average of C$2.65 and a two-hundred day moving average of C$3.20. The company has a market capitalization of C$12.84 million, a PE ratio of -1.97 and a beta of -0.03.

Accord Financial (TSE:ACD) last announced its quarterly earnings results on Monday, November 10th. The company reported C($0.22) EPS for the quarter. The business had revenue of C$7.25 million during the quarter. Accord Financial had a negative net margin of 11.55% and a negative return on equity of 10.58%.

Accord Financial Company Profile

Accord Financial Corp. is a Canada-based commercial finance company serving clients throughout the United States and Canada. The Company operates six finance companies in North America, namely, Accord Financial Ltd. (AFL), Accord Financial Inc (AFIC) and Accord Financial Canada Corp. (AFCC) in Canada, and Accord Financial, Inc (AFIU), BondIt Media Capital (BondIt) and Accord Equipment Finance (AEF) in the United States. The Company’s business principally involves asset-based lending by AFIC and AFIU, which entails financing or purchasing receivables on a recourse basis, as well as financing other tangible assets, such as inventory and equipment; equipment financing (leasing and equipment loans) by AEF and AFCC.