FTI Foodtech International (CVE:FTI) Stock Price Down 9.1% – Here’s What Happened

Shares of FTI Foodtech International Inc. (CVE:FTI) dropped 9.1% on Friday . The company traded as low as C$0.17 and last traded at C$0.20. Approximately 30,500 shares traded hands during mid-day trading, an increase of 26% from the average daily volume of 24,201 shares. The stock had previously closed at C$0.22.

FTI Foodtech International Price Performance

The stock has a market cap of C$2.99 million, a price-to-earnings ratio of -2.50 and a beta of 0.55. The company has a debt-to-equity ratio of 447.91, a quick ratio of 17.41 and a current ratio of 4.70. The company has a 50-day simple moving average of C$0.16 and a two-hundred day simple moving average of C$0.11.

FTI Foodtech International Company Profile

FTI Foodtech International Inc engages in the resale of liquidation merchandise in Canada. The company exchanges goods on barter exchanges for which transactions are tendered using barter exchange dollars. It also engages in the surplus goods business; and provides a variety of products, including disposable and fabric face masks, face shields, gloves, hand sanitizer, and thermometers through online.