C-Com Satellite Systems (CVE:CMI) Shares Down 1% – Here’s Why

C-Com Satellite Systems Inc. (CVE:CMI)’s share price fell 1% during trading on Wednesday . The stock traded as low as C$0.99 and last traded at C$1.00. 316 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 10,619 shares. The stock had previously closed at C$1.01.

C-Com Satellite Systems Stock Down 1.0%

The company has a 50-day moving average price of C$0.97 and a 200 day moving average price of C$0.93. The firm has a market capitalization of C$42.26 million, a PE ratio of -99.00 and a beta of 0.85. The company has a debt-to-equity ratio of 5.23, a current ratio of 25.18 and a quick ratio of 12.01.

About C-Com Satellite Systems

C-Com Satellite Systems Inc develops and deploys commercial grade mobile auto-deploying satellite-based technology for the delivery of two-way high-speed Internet, VoIP, and video services into vehicles. The company offers iNetVu, a proprietary mobile auto-deploying antenna for the delivery of satellite-based Internet services into vehicles while stationary virtually anywhere one can drive. It also provides driveaway, flyaway, manpack, and fixed motorized antennas. In addition, the company offers controllers and accessories, such as powersmart products, VSAT satellite beacon receivers and transportable cases, driveaway transportable skids, custom integrations, and VSAT satellite system cables.