Accord Financial (TSE:ACD) Share Price Passes Below Fifty Day Moving Average of $8.61

Accord Financial Corp. (TSE:ACDGet Rating)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 trading hands.

Accord Financial Stock Performance

The firm has a market capitalization of C$71.47 million and a P/E ratio of 7.52. The company has a current ratio of 1.97, a quick ratio of 1.93 and a debt-to-equity ratio of 354.36. The business’s 50 day simple moving average is C$8.61 and its two-hundred day simple moving average is C$8.70.

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

Accord Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, September 1st were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, August 12th. This represents a $0.30 dividend on an annualized basis and a yield of 3.59%. Accord Financial’s dividend payout ratio is currently 22.52%.

Accord Financial Company Profile

(Get Rating)

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.

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