Edgewater Wireless Systems (CVE:YFI) Sets New 1-Year Low – Here’s Why

Edgewater Wireless Systems Inc. (CVE:YFIGet Free Report)’s share price hit a new 52-week low on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05, with a volume of 45325 shares trading hands. The stock had previously closed at C$0.05.

Edgewater Wireless Systems Stock Down 10.0%

The company has a market capitalization of C$10.73 million, a price-to-earnings ratio of -4.50 and a beta of -0.75. The business has a fifty day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.05. The company has a quick ratio of 0.04, a current ratio of 0.09 and a debt-to-equity ratio of -18.34.

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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