Edgewater Wireless Systems (CVE:YFI) Trading Down 12.5% – Should You Sell?

Edgewater Wireless Systems Inc. (CVE:YFI) shares dropped 12.5% on Friday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 113,000 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 134,059 shares. The stock had previously closed at C$0.04.

Edgewater Wireless Systems Stock Performance

The company has a debt-to-equity ratio of -32.34, a current ratio of 0.15 and a quick ratio of 0.04. The stock’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04. The stock has a market capitalization of C$8.37 million, a P/E ratio of -3.89 and a beta of -0.83.

Edgewater Wireless Systems Company Profile

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.