EnWave (CVE:ENW) Shares Down 1.3% – Here’s Why

EnWave Co. (CVE:ENW)’s stock price dropped 1.3% during trading on Friday . The company traded as low as C$0.39 and last traded at C$0.40. Approximately 30,500 shares traded hands during mid-day trading, an increase of 2% from the average daily volume of 29,935 shares. The stock had previously closed at C$0.40.

Analyst Ratings Changes

Separately, Clarus Securities raised EnWave to a “moderate buy” rating in a research report on Tuesday, September 23rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

EnWave Price Performance

The stock has a 50-day moving average price of C$0.38 and a two-hundred day moving average price of C$0.39. The company has a current ratio of 3.64, a quick ratio of 1.63 and a debt-to-equity ratio of 16.71. The stock has a market cap of C$46.89 million, a price-to-earnings ratio of -40.50 and a beta of 0.96.

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.