C-Com Satellite Systems (CVE:CMI) Trading Down 1.1% – Here’s What Happened

C-Com Satellite Systems Inc. (CVE:CMI) traded down 1.1% during trading on Tuesday . The company traded as low as C$0.88 and last traded at C$0.88. Approximately 1,553 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 11,999 shares. The stock had previously closed at C$0.89.

C-Com Satellite Systems Stock Down 1.1%

The stock has a 50-day moving average price of C$0.89 and a 200-day moving average price of C$0.94. The company has a debt-to-equity ratio of 4.76, a current ratio of 19.28 and a quick ratio of 12.01. The company has a market capitalization of C$37.19 million, a P/E ratio of -99.00 and a beta of 0.56.

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.