Accord Financial (TSE:ACD) Stock Price Crosses Below 50 Day Moving Average of $8.61

Shares of Accord Financial Corp. (TSE:ACDGet Rating) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$8.61 and traded as low as C$8.35. Accord Financial shares last traded at C$8.35, with a volume of 200 shares traded.

Accord Financial Price Performance

The company has a debt-to-equity ratio of 354.36, a current ratio of 1.97 and a quick ratio of 1.93. The company has a market capitalization of C$71.47 million and a price-to-earnings ratio of 7.52. The firm has a 50-day moving average price of C$8.59 and a two-hundred day moving average price of C$8.69.

Accord Financial (TSE:ACDGet Rating) last issued its quarterly earnings results on Wednesday, August 10th. The company reported C$0.02 EPS for the quarter. The company had revenue of C$16.49 million for the quarter.

Accord Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, September 1st were given a dividend of $0.075 per share. The ex-dividend date was Friday, August 12th. This represents a $0.30 annualized dividend and a yield of 3.59%. Accord Financial’s dividend payout ratio (DPR) is presently 22.52%.

About Accord Financial

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Accord Financial Corp., through its subsidiaries, provides asset-based financial services to industrial and commercial enterprises primarily in Canada and the United States. The company 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 and collection services.

Further Reading

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