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

Shares of Automotive Finco Corp. (CVE:AFCC) fell 2.9% on Wednesday . The company traded as low as C$1.67 and last traded at C$1.67. 85,741 shares were traded during mid-day trading, an increase of 185% from the average session volume of 30,108 shares. The stock had previously closed at C$1.72.

Automotive Finco Trading Down 2.9 %

The stock has a market capitalization of C$33.10 million and a price-to-earnings ratio of -13.92. 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 company has a fifty day moving average of C$1.67 and a two-hundred day moving average of C$1.67.

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.