Automotive Finco (CVE:AFCC) Stock Price Down 2.9% – Here’s Why

Automotive Finco Corp. (CVE:AFCC)’s stock price was down 2.9% during trading on Wednesday. The stock traded as low as C$1.67 and last traded at C$1.67. Approximately 85,741 shares were traded during trading, an increase of 185% from the average daily volume of 30,108 shares. The stock had previously closed at C$1.72.

Automotive Finco Trading Down 2.9%

The company has a current ratio of 77.76, a quick ratio of 77.72 and a debt-to-equity ratio of 55.16. The firm has a 50-day moving average price of C$1.67 and a 200-day moving average price of C$1.67. The company has a market capitalization of C$33.10 million and a price-to-earnings ratio of -13.92.

Automotive Finco Company Profile

Automotive Finco Corp., a specialty finance company, focuses on the auto retail sector in Canada and internationally. The company, through its investment in Automotive Finance LP, intends to provide long term and debt based acquisition financing to auto dealerships. It also focuses on direct investments in the auto retail sector. The company was formerly known as Augyva Mining Resources Inc and changed its name to Automotive Finco Corp. in March 2017. The company was incorporated in 1986 and is headquartered in Toronto, Canada.