EnWave (CVE:ENW) Shares Down 8.7%

EnWave Co. (CVE:ENW) shares dropped 8.7% during mid-day trading on Monday . The stock traded as low as C$0.21 and last traded at C$0.21. Approximately 47,579 shares were traded during trading, a decline of 5% from the average daily volume of 49,986 shares. The stock had previously closed at C$0.23.

EnWave Stock Performance

The company has a market cap of C$23.27 million, a P/E ratio of -21.00 and a beta of 1.26. The firm has a 50 day moving average price of C$0.24 and a 200-day moving average price of C$0.28. The company has a debt-to-equity ratio of 19.81, a quick ratio of 1.63 and a current ratio of 2.94.

EnWave (CVE:ENW) last released its quarterly earnings results on Thursday, May 23rd. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$0.66 million for the quarter. EnWave had a negative return on equity of 37.99% and a negative net margin of 76.52%. On average, research analysts predict that EnWave Co. will post 0.001525 EPS for the current year.

About EnWave

EnWave Corporation designs, constructs, markets, and sells vacuum-microwave machinery for the food, cannabis, and biomaterial dehydration industries in Canada and the United States. The company operates through EnWave and NutraDried segments. It also offers radiant energy vacuum (REV) platforms, such as nutraREV for dehydration of fruits, vegetables, herbs, dairy products, meats, and seafood; and quantaREV designed for low-temperature dehydration of solid, liquid, and granular or encapsulated food or cannabis products.