Accord Financial (TSE:ACD) Reaches New 52-Week Low – Time to Sell?

Shares of Accord Financial Corp. (TSE:ACD) hit a new 52-week low on Friday . The stock traded as low as C$3.38 and last traded at C$3.64, with a volume of 7700 shares. The stock had previously closed at C$3.81.

Accord Financial Price Performance

The company has a current ratio of 3.64, a quick ratio of 1.43 and a debt-to-equity ratio of 428.28. The company’s 50-day moving average price is C$3.93 and its two-hundred day moving average price is C$4.05. The company has a market cap of C$31.16 million, a P/E ratio of -1.84 and a beta of 1.45.

Accord Financial (TSE:ACD) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C($0.16) earnings per share (EPS) for the quarter. Accord Financial had a negative net margin of 58.68% and a negative return on equity of 18.33%. The firm had revenue of C$21.21 million for 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.