Spectrum Global Solutions (OTCMKTS:SGSI) Stock Price Down 7.1% – Here’s What Happened

Spectrum Global Solutions, Inc. (OTCMKTS:SGSI) shares fell 7.1% during mid-day trading on Friday . The company traded as low as $0.2972 and last traded at $0.2972. 400 shares changed hands during trading, a decline of 100% from the average session volume of 510,860 shares. The stock had previously closed at $0.32.

Spectrum Global Solutions Trading Down 7.1%

The stock has a fifty day moving average of $0.35 and a 200-day moving average of $0.31. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.38 and a current ratio of 0.38. The company has a market cap of $13.79 million, a PE ratio of -0.56 and a beta of -0.86.

About Spectrum Global Solutions

Spectrum Global Solutions (OTCMKTS: SGSI) is an information technology and professional services firm focused on enabling digital transformation for corporate and public sector clients. The company’s consulting practice advises organizations on IT strategy, cloud adoption and infrastructure modernization, while its managed services group handles day-to-day operations, security monitoring and ongoing platform optimization.

In cloud computing, Spectrum Global Solutions partners with leading public‐cloud providers to architect, deploy and manage scalable environments.