Edgewater Wireless Systems (CVE:YFI) Hits New 52-Week Low – Here’s What Happened

Shares of Edgewater Wireless Systems Inc. (CVE:YFI) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 20000 shares changing hands. The stock had previously closed at C$0.04.

Edgewater Wireless Systems Stock Down 12.5%

The company has a quick ratio of 0.04, a current ratio of 0.32 and a debt-to-equity ratio of -36.64. The stock’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04. The firm has a market cap of C$8.37 million, a P/E ratio of -3.89 and a beta of -0.80.

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.