Edgewater Wireless Systems (CVE:YFI) Reaches New 1-Year Low – Here’s What Happened

Edgewater Wireless Systems Inc. (CVE:YFI) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05, with a volume of 232000 shares traded. The stock had previously closed at C$0.05.

Edgewater Wireless Systems Stock Down 10.0%

The stock has a market capitalization of C$10.73 million, a price-to-earnings ratio of -4.50 and a beta of -0.41. The firm has a 50 day simple moving average of C$0.05 and a 200-day simple moving average of C$0.05. The company has a debt-to-equity ratio of -18.34, a current ratio of 0.09 and a quick ratio of 0.04.

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.