Accord Financial (TSE:ACD) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Accord Financial Corp. (TSE:ACD) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$1.83 and traded as high as C$1.85. Accord Financial shares last traded at C$1.85, with a volume of 1,100 shares traded.

Accord Financial Stock Performance

The stock has a market cap of C$15.83 million, a price-to-earnings ratio of -2.43 and a beta of -0.05. The company’s 50 day simple moving average is C$1.83 and its two-hundred day simple moving average is C$2.85.

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

About Accord Financial

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.