EnWave (CVE:ENW) Shares Down 1.3% – What’s Next?

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

Analysts Set New Price Targets

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

EnWave Stock Down 1.3%

The firm has a market cap of C$46.89 million, a price-to-earnings ratio of -40.50 and a beta of 0.96. 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 business’s 50-day moving average is C$0.38 and its 200-day moving average is C$0.39.

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.