EnWave (CVE:ENW) Shares Down 2.3% – Should You Sell?

EnWave Co. (CVE:ENW) was down 2.3% on Friday . The company traded as low as C$0.19 and last traded at C$0.22. Approximately 103,500 shares were traded during trading, an increase of 151% from the average daily volume of 41,242 shares. The stock had previously closed at C$0.22.

EnWave Stock Performance

The company has a debt-to-equity ratio of 19.23, a quick ratio of 1.63 and a current ratio of 2.84. The company has a fifty day moving average of C$0.24 and a two-hundred day moving average of C$0.23. The firm has a market capitalization of C$23.83 million, a price-to-earnings ratio of -10.75 and a beta of 1.31.

EnWave Company Profile

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.