EnWave (CVE:ENW) Shares Up 1.6%

Shares of EnWave Co. (CVE:ENW – Get Rating) shot up 1.6% during trading on Friday . The company traded as high as C$0.64 and last traded at C$0.64. 19,000 shares traded hands during trading, a decline of 61% from the average session volume of 48,237 shares. The stock had previously closed at C$0.63.

Analyst Ratings Changes

Separately, Raymond James downgraded EnWave from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$1.65 to C$1.10 in a report on Wednesday, June 1st.

EnWave Stock Up 1.6 %

The company has a quick ratio of 2.07, a current ratio of 3.26 and a debt-to-equity ratio of 12.92. The company has a market cap of C$70.64 million and a price-to-earnings ratio of -22.86. The stock has a fifty day moving average price of C$0.64 and a two-hundred day moving average price of C$0.77.

EnWave (CVE:ENW – Get Rating) last posted its earnings results on Thursday, May 26th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$6.88 million during the quarter, compared to the consensus estimate of C$7.50 million. As a group, sell-side analysts expect that EnWave Co. will post 0.06 EPS for the current year.

EnWave Company Profile

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EnWave Corporation designs, constructs, markets, licenses, installs, and sells vacuum-microwave machinery for the food, cannabis, and biomaterial dehydration industries in Canada and the United States. It offers radiant energy vacuum (REV) dehydration platforms, such as nutraREV and quantaREV to dehydrate fruits, vegetables, herbs, dairy products, ready-to-eat meals, instant baked goods, cannabis products, nutraceuticals, pharmaceuticals, and meats and seafood.