Shares of Freshii Inc (TSE:FRII) traded down 12.2% during trading on Wednesday . The company traded as low as C$2.25 and last traded at C$2.51, 115,779 shares were traded during trading. An increase of 141% from the average session volume of 48,094 shares. The stock had previously closed at C$2.86.
Separately, Cowen cut their price target on Freshii from C$3.00 to C$2.00 in a report on Monday, May 13th.
The firm’s 50 day simple moving average is C$2.45. The company has a quick ratio of 5.03, a current ratio of 5.22 and a debt-to-equity ratio of 25.76. The stock has a market cap of $83.15 million and a price-to-earnings ratio of -148.33.
Freshii Inc, together with its subsidiaries, develops, franchises, and operates quick-serve restaurants in Canada, the United States, and internationally. Its restaurants offer salads, bowls, burritos, wraps, soups, juices, smoothies, frozen yogurt, drinks, snacks, breakfast, and products for kids. As of February 21, 2019, the company operated 439 restaurants in 16 countries worldwide.
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