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

Edgewater Wireless Systems Inc. (CVE:YFI)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 45325 shares changing hands. The stock had previously closed at C$0.05.

Edgewater Wireless Systems Stock Down 10.0%

The company has a debt-to-equity ratio of -18.34, a current ratio of 0.09 and a quick ratio of 0.04. The stock has a market cap of C$10.73 million, a price-to-earnings ratio of -4.50 and a beta of -0.75. The firm’s 50-day moving average is C$0.05 and its 200 day moving average is C$0.05.

About Edgewater Wireless Systems

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.