EnWave (CVE:ENW) Stock Rating Upgraded by Clarus Securities

EnWave (CVE:ENW) was upgraded by analysts at Clarus Securities to a “moderate buy” rating in a report issued on Tuesday,Zacks.com reports.

EnWave Stock Performance

CVE ENW opened at C$0.38 on Tuesday. The firm has a 50-day moving average of C$0.41 and a 200-day moving average of C$0.35. The company has a debt-to-equity ratio of 16.71, a quick ratio of 1.63 and a current ratio of 3.64. The stock has a market cap of C$45.11 million, a PE ratio of -38.00 and a beta of 1.08. EnWave has a 52-week low of C$0.19 and a 52-week high of C$0.55.

EnWave Company Profile

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.