EnWave (CVE:ENW) Stock Price Down 2.6% – Should You Sell?

EnWave Co. (CVE:ENW)’s share price fell 2.6% during trading on Monday . The stock traded as low as C$0.37 and last traded at C$0.37. 40,156 shares changed hands during trading, a decline of 27% from the average session volume of 55,382 shares. The stock had previously closed at C$0.38.

Wall Street Analysts Forecast Growth

Separately, Clarus Securities raised shares of EnWave to a “moderate buy” rating in a research note on Tuesday, September 23rd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, EnWave presently has an average rating of “Buy”.

EnWave Price Performance

The company’s 50-day simple moving average is C$0.37 and its 200 day simple moving average is C$0.38. The company has a market capitalization of C$43.92 million, a P/E ratio of -37.00 and a beta of 0.85. The company has a quick ratio of 1.63, a current ratio of 3.64 and a debt-to-equity ratio of 16.71.

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.