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

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

Edgewater Wireless Systems Trading Down 13.3 %

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

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.