Route1 (CVE:ROI) Stock Price Down 18.8% – Here’s Why

Route1 Inc. (CVE:ROI)’s share price traded down 18.8% on Friday . The company traded as low as C$0.07 and last traded at C$0.07. 128,500 shares were traded during trading, an increase of 463% from the average session volume of 22,814 shares. The stock had previously closed at C$0.08.

Route1 Stock Performance

The firm has a market cap of C$2.76 million, a price-to-earnings ratio of -3.50 and a beta of 0.64. The firm’s 50 day moving average is C$0.07 and its 200-day moving average is C$0.07. The company has a debt-to-equity ratio of 8,864.92, a quick ratio of 0.44 and a current ratio of 0.31.

About Route1

Route1 Inc provides engineering and professional services using data capture technologies in the United States, Canada, and internationally. The company offers MobiKEY, a desktop secure remote access solution; DerivID, a credentials solution for PIV and CAC that validates the identity of mobile users; MobiNET aggregation gateway appliance; and DEFIMNET, a service delivery platform; and PocketValue P-3X, a secure storage token. It also provides surveillance and video intelligence products, such as Omnicast, a monitoring and data analysis platform; Stratocast, a real-time video intelligence solution; body-worn cameras; in-car videos; Synergis Access Control, an open system that connects to a large selection of third-party access control devices; and automatic license plate recognition solutions, including Genetec Autovu and MobiLPR.