Edgewater Wireless Systems (CVE:YFI) Trading 28.6% Higher – Still a Buy?

Edgewater Wireless Systems Inc. (CVE:YFIGet Free Report) was up 28.6% on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04. 603,253 shares changed hands during trading, an increase of 344% from the average daily volume of 135,950 shares. The stock had previously closed at C$0.04.

Edgewater Wireless Systems Trading Down 11.1%

The company has a current ratio of 0.15, a quick ratio of 0.04 and a debt-to-equity ratio of -32.34. The stock has a market capitalization of C$9.57 million, a price-to-earnings ratio of -6.67 and a beta of -0.83. The business has a 50 day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04.

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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