Avante (CVE:XX) Trading Down 4.3% – Here’s Why

Avante Corp. (CVE:XX)’s share price dropped 4.3% during mid-day trading on Tuesday . The stock traded as low as C$1.10 and last traded at C$1.12. Approximately 22,400 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 24,100 shares. The stock had previously closed at C$1.17.

Avante Trading Down 4.3%

The company has a debt-to-equity ratio of 11.83, a quick ratio of 2.77 and a current ratio of 1.69. The company’s 50 day moving average is C$1.07 and its 200 day moving average is C$0.94. The stock has a market capitalization of C$29.85 million, a price-to-earnings ratio of -32.94 and a beta of 0.77.

About Avante

Avante Corp. develops security technologies, products, and solutions in Canada, the United States, Israel, Egypt, Italy, Kuwait, the United Kingdom, and internationally. The company provides system design, sales, installations, and monitoring services, including alarm response and patrols, personal protection, house staff training, and secure transportation. It offers consulting and installation services for automation and security solutions for the residential market; intelligent perimeter protection video analytics and rapid alarm response services; and Closed Circuit Television (CCTV), access controls, and security services for travelling executives, as well as specialized security services, such as security, cyber monitoring, investigations, and international secured transportation.