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

Edgewater Wireless Systems Inc. (CVE:YFI) shares dropped 13.3% during trading on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 302,746 shares changed 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 Stock Down 13.3 %

The company has a debt-to-equity ratio of -18.34, a quick ratio of 0.04 and a current ratio of 0.09. The firm has a market capitalization of C$16.52 million, a P/E ratio of -88.79 and a beta of 2.05. The stock has a fifty day moving average price of C$0.07 and a two-hundred day moving average price of C$0.05.

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.