Edgewater Wireless Systems (CVE:YFI) Shares Down 13.3% – Here’s Why

Edgewater Wireless Systems Inc. (CVE:YFI) was down 13.3% on Friday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 302,746 shares traded hands during mid-day trading, an increase of 94% from the average daily volume of 156,164 shares. The stock had previously closed at C$0.08.

Edgewater Wireless Systems Price Performance

The firm has a 50-day moving average of C$0.07 and a 200-day moving average of C$0.05. The stock has a market cap of C$19.06 million, a PE ratio of -102.45 and a beta of 2.05. The company has a debt-to-equity ratio of -18.34, a current ratio of 0.09 and a quick ratio of 0.04.

Edgewater Wireless Systems Company Profile

Edgewater Wireless Systems Inc develops and commercializes technologies and intellectual property for the wireless communications market in North America. The company provides IP Licensing, Wi-Fi spectrum slicing solutions, dual channel Wi-Fi; wireless access points and associated peripheral equipment and support services; and PowerZoning, a channel power control product for multi-channel single radio Wi-Fi networks.