Shares of Edgewater Wireless Systems Inc. (CVE:YFI – Get Free Report) traded down 14.3% on Wednesday. The company traded as low as C$0.03 and last traded at C$0.03. 539,000 shares were traded during trading, an increase of 324% from the average daily volume of 127,048 shares. The stock had previously closed at C$0.04.
Edgewater Wireless Systems Stock Performance
The company has a current ratio of 0.21, a quick ratio of 0.04 and a debt-to-equity ratio of -30.79. The firm has a market capitalization of C$7.39 million, a price-to-earnings ratio of -5.00 and a beta of -1.20. The stock’s 50 day moving average price is C$0.04 and its two-hundred day moving average price is C$0.04.
About Edgewater Wireless Systems
Edgewater Wireless Systems Inc. develops and commercializes technologies and intellectual property for the wireless communications market in North America. The company provides IP Licensing, Wi-Fi spectrum slicing solutions, dual channel Wi-Fi; wireless access points and associated peripheral equipment and support services; and PowerZoning, a channel power control product for multi-channel single radio Wi-Fi networks. It also offers spectral surveillance architecture. The company was formerly known as KIK Polymers Inc. and changed its name to Edgewater Wireless Systems Inc. in January 2012.
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