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

Edgewater Wireless Systems Inc. (CVE:YFI)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 614500 shares traded. The stock had previously closed at C$0.05.

Edgewater Wireless Systems Stock Performance

The company has a market cap of C$9.57 million, a P/E ratio of -4.44 and a beta of -0.73. The company has a 50 day moving average price of C$0.05 and a 200-day moving average price of C$0.05. The company has a quick ratio of 0.04, a current ratio of 0.32 and a debt-to-equity ratio of -36.64.

About Edgewater Wireless Systems

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.