Route1 (CVE:ROI) Shares Down 26.7% – Here’s Why

Route1 Inc. (CVE:ROI)’s stock price was down 26.7% on Monday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 115,000 shares changed hands during mid-day trading, an increase of 98% from the average daily volume of 58,000 shares. The stock had previously closed at C$0.08.

Route1 Trading Down 26.7%

The firm has a market capitalization of C$2.34 million, a price-to-earnings ratio of -3.50 and a beta of 0.64. The business’s 50 day moving average price is C$0.07 and its 200-day moving average price is C$0.07. The company has a debt-to-equity ratio of 8,864.92, a current ratio of 0.31 and a quick ratio of 0.44.

About Route1

Route1 Inc provides engineering and professional services using data capture technologies in the United States, Canada, and internationally. The company offers MobiKEY, a desktop secure remote access solution; DerivID, a credentials solution for PIV and CAC that validates the identity of mobile users; MobiNET aggregation gateway appliance; and DEFIMNET, a service delivery platform; and PocketValue P-3X, a secure storage token. It also provides surveillance and video intelligence products, such as Omnicast, a monitoring and data analysis platform; Stratocast, a real-time video intelligence solution; body-worn cameras; in-car videos; Synergis Access Control, an open system that connects to a large selection of third-party access control devices; and automatic license plate recognition solutions, including Genetec Autovu and MobiLPR.