Shares of Automotive Finco Corp. (CVE:AFCC – Get Free Report) fell 2.9% during trading on Thursday . The stock traded as low as C$1.67 and last traded at C$1.67. 85,741 shares traded hands 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 Stock 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 company has a market capitalization of C$33.10 million and a price-to-earnings ratio of -13.92. The firm’s 50 day simple moving average is C$1.67 and its 200-day simple moving average is C$1.67.
About Automotive Finco
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.
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