Edgewater Wireless Systems (CVE:YFI) Trading Down 16.7% – Here’s Why

Edgewater Wireless Systems Inc. (CVE:YFIGet Free Report)’s share price traded down 16.7% on Saturday . The stock traded as low as C$0.05 and last traded at C$0.05. 154,000 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 139,369 shares. The stock had previously closed at C$0.06.

Edgewater Wireless Systems Trading Down 16.7%

The stock has a market cap of C$12.70 million, a price-to-earnings ratio of -68.30 and a beta of 2.05. 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 company’s 50 day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.06.

About Edgewater Wireless Systems

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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.

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