Route1 (CVE:ROI) Trading Down 18.8% – What’s Next?

Route1 Inc. (CVE:ROI)’s share price dropped 18.8% on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 128,500 shares changed hands during mid-day trading, an increase of 463% from the average daily volume of 22,814 shares. The stock had previously closed at C$0.08.

Route1 Stock Down 7.7%

The company has a current ratio of 0.31, a quick ratio of 0.44 and a debt-to-equity ratio of 8,864.92. The firm has a 50 day moving average price of C$0.07 and a 200-day moving average price of C$0.07. The firm has a market cap of C$2.55 million, a price-to-earnings ratio of -3.50 and a beta of 0.64.

Route1 Company Profile

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.