Accord Financial (TSE:ACD) Sets New 52-Week Low – Should You Sell?

Accord Financial Corp. (TSE:ACD)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$3.38 and last traded at C$3.64, with a volume of 7700 shares changing hands. The stock had previously closed at C$3.81.

Accord Financial Trading Down 4.5 %

The firm’s 50-day simple moving average is C$3.93 and its 200 day simple moving average is C$4.05. The stock has a market cap of C$31.16 million, a P/E ratio of -1.84 and a beta of 1.45. 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 posted its earnings results on Wednesday, November 6th. The company reported C($0.16) EPS for the quarter. Accord Financial had a negative net margin of 58.68% and a negative return on equity of 18.33%. The business had revenue of C$21.21 million during the quarter.

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.