Rifco Inc (CVE:RFC) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.95 and last traded at C$0.95, with a volume of 7200 shares trading hands. The stock had previously closed at C$1.06.
Separately, Industrial Alliance Securities decreased their price objective on Rifco from C$1.50 to C$1.35 in a research report on Thursday, August 30th.
Rifco (CVE:RFC) last issued its quarterly earnings data on Tuesday, August 28th. The company reported C$0.07 earnings per share (EPS) for the quarter. Rifco had a return on equity of 4.35% and a net margin of 4.09%. The business had revenue of C$10.01 million for the quarter.
Rifco Inc, through its subsidiary, Rifco National Auto Finance Corporation, provides auto finance services in Canada. It offers non-traditional auto financing to motorists through a network of selected new and used vehicle dealers. Rifco Inc is headquartered in Red Deer, Canada.
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