C-Com Satellite Systems (CVE:CMI) Shares Down 5.7% – Here’s What Happened

C-Com Satellite Systems Inc. (CVE:CMI) was down 5.7% during trading on Tuesday . The stock traded as low as C$0.83 and last traded at C$0.83. 7,896 shares changed hands during trading, a decline of 23% from the average session volume of 10,288 shares. The stock had previously closed at C$0.88.

C-Com Satellite Systems Stock Performance

The stock’s 50 day moving average price is C$0.90 and its two-hundred day moving average price is C$0.95. The company has a current ratio of 19.28, a quick ratio of 12.01 and a debt-to-equity ratio of 4.76. The firm has a market capitalization of C$35.07 million, a price-to-earnings ratio of -99.00 and a beta of 0.43.

About C-Com Satellite Systems

C-Com Satellite Systems Inc develops and deploys commercial grade mobile auto-deploying satellite-based technology for the delivery of two-way high-speed Internet, VoIP, and video services into vehicles. The company offers iNetVu, a proprietary mobile auto-deploying antenna for the delivery of satellite-based Internet services into vehicles while stationary virtually anywhere one can drive. It also provides driveaway, flyaway, manpack, and fixed motorized antennas. In addition, the company offers controllers and accessories, such as powersmart products, VSAT satellite beacon receivers and transportable cases, driveaway transportable skids, custom integrations, and VSAT satellite system cables.