EnWave (CVE:ENW – Get Rating) was downgraded by equities research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a report issued on Wednesday, BayStreet.CA reports. They currently have a C$1.10 target price on the stock, down from their prior target price of C$1.65. Raymond James’ target price would indicate a potential upside of 64.18% from the company’s current price.
Shares of CVE ENW traded down C$0.01 during mid-day trading on Wednesday, reaching C$0.67. The company’s stock had a trading volume of 21,020 shares, compared to its average volume of 53,458. The stock has a fifty day moving average of C$0.78 and a two-hundred day moving average of C$0.87. EnWave has a 52 week low of C$0.60 and a 52 week high of C$1.20. The firm has a market capitalization of C$73.95 million and a PE ratio of -23.93. The company has a debt-to-equity ratio of 12.92, a current ratio of 3.26 and a quick ratio of 2.07.
EnWave Company Profile (Get Rating)
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