EnWave (CVE:ENW) Stock Price Down 8.7%

Shares of EnWave Co. (CVE:ENW) traded down 8.7% during mid-day trading on Monday . The company traded as low as C$0.21 and last traded at C$0.21. 47,579 shares changed hands during trading, a decline of 5% from the average session volume of 49,986 shares. The stock had previously closed at C$0.23.

EnWave Price Performance

The company has a current ratio of 2.94, a quick ratio of 1.63 and a debt-to-equity ratio of 19.81. The stock has a market capitalization of C$24.38 million, a P/E ratio of -22.00 and a beta of 1.26. The stock has a 50 day moving average of C$0.24 and a 200-day moving average of C$0.28.

EnWave (CVE:ENW) last issued its quarterly earnings results on Thursday, May 23rd. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$0.66 million for the quarter. EnWave had a negative return on equity of 37.99% and a negative net margin of 76.52%. On average, equities research analysts anticipate that EnWave Co. will post 0.001525 earnings per share for the current fiscal year.

About EnWave

EnWave Corporation designs, constructs, markets, and sells vacuum-microwave machinery for the food, cannabis, and biomaterial dehydration industries in Canada and the United States. The company operates through EnWave and NutraDried segments. It also offers radiant energy vacuum (REV) platforms, such as nutraREV for dehydration of fruits, vegetables, herbs, dairy products, meats, and seafood; and quantaREV designed for low-temperature dehydration of solid, liquid, and granular or encapsulated food or cannabis products.