Edgewater Wireless Systems (CVE:YFI) Shares Down 12.5% – Time to Sell?

Shares of Edgewater Wireless Systems Inc. (CVE:YFI) fell 12.5% on Thursday . The stock traded as low as C$0.03 and last traded at C$0.04. 115,285 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 142,258 shares. The stock had previously closed at C$0.04.

Edgewater Wireless Systems Trading Down 12.5%

The firm has a 50-day moving average of C$0.04 and a 200 day moving average of C$0.04. The company has a market cap of C$8.37 million, a P/E ratio of -3.89 and a beta of -0.80. The company has a current ratio of 0.32, a quick ratio of 0.04 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.