C-Com Satellite Systems (CVE:CMI) Shares Down 1% – Here’s Why

Shares of C-Com Satellite Systems Inc. (CVE:CMI) were down 1% during mid-day trading on Wednesday . The company traded as low as C$0.99 and last traded at C$1.00. Approximately 316 shares were traded during trading, a decline of 97% from the average daily volume of 10,619 shares. The stock had previously closed at C$1.01.

C-Com Satellite Systems Stock Performance

The stock has a market cap of C$42.26 million, a P/E ratio of -99.00 and a beta of 0.85. The business has a 50 day moving average price of C$0.97 and a 200 day moving average price of C$0.93. The company has a quick ratio of 12.01, a current ratio of 25.18 and a debt-to-equity ratio of 5.23.

About C-Com Satellite Systems

C-Com Satellite Systems Inc develops and deploys commercial grade mobile auto-deploying satellite-based technology for the delivery of two-way high-speed Internet, VoIP, and video services into vehicles. The company offers iNetVu, a proprietary mobile auto-deploying antenna for the delivery of satellite-based Internet services into vehicles while stationary virtually anywhere one can drive. It also provides driveaway, flyaway, manpack, and fixed motorized antennas. In addition, the company offers controllers and accessories, such as powersmart products, VSAT satellite beacon receivers and transportable cases, driveaway transportable skids, custom integrations, and VSAT satellite system cables.