Edgewater Wireless Systems (CVE:YFI) Hits New 12-Month Low – Here’s What Happened

Edgewater Wireless Systems Inc. (CVE:YFIGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 1900 shares trading hands. The stock had previously closed at C$0.04.

Edgewater Wireless Systems Trading Down 12.5%

The firm has a 50 day simple moving average of C$0.04 and a 200 day simple moving average of C$0.05. The company has a debt-to-equity ratio of -36.64, a quick ratio of 0.04 and a current ratio of 0.32. The firm has a market cap of C$8.37 million, a P/E ratio of -3.89 and a beta of -0.94.

About Edgewater Wireless Systems

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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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