C-Com Satellite Systems (CVE:CMI) Shares Down 3.5% – Here’s Why

C-Com Satellite Systems Inc. (CVE:CMI)’s share price was down 3.5% during mid-day trading on Friday. The company traded as low as C$0.83 and last traded at C$0.83. Approximately 15,860 shares traded hands during trading, an increase of 15% from the average daily volume of 13,759 shares. The stock had previously closed at C$0.86.

C-Com Satellite Systems Price Performance

The company has a current ratio of 19.28, a quick ratio of 12.01 and a debt-to-equity ratio of 4.76. The firm has a market cap of C$35.07 million, a price-to-earnings ratio of -99.00 and a beta of 0.39. The company’s 50-day moving average is C$0.86 and its 200-day moving average is C$0.92.

C-Com Satellite Systems Company Profile

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.