Eguana Technologies (CVE:EGT) Stock Price Down 5.5%

Eguana Technologies Inc. (CVE:EGTGet Rating) dropped 5.5% during mid-day trading on Wednesday . The company traded as low as C$0.43 and last traded at C$0.43. Approximately 105,991 shares changed hands during trading, a decline of 54% from the average daily volume of 229,251 shares. The stock had previously closed at C$0.46.

Analyst Ratings Changes

Separately, Stifel Nicolaus reduced their price objective on shares of Eguana Technologies from C$0.70 to C$0.65 in a research note on Monday, August 29th.

Eguana Technologies Stock Performance

The firm has a market capitalization of C$164.76 million and a P/E ratio of -14.64. The company has a current ratio of 2.27, a quick ratio of 1.10 and a debt-to-equity ratio of 141.66. The business’s 50 day simple moving average is C$0.35 and its two-hundred day simple moving average is C$0.31.

Eguana Technologies (CVE:EGTGet Rating) last released its quarterly earnings data on Monday, August 29th. The company reported C($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of C($0.01). The firm had revenue of C$2.32 million for the quarter, compared to the consensus estimate of C$4.73 million.

About Eguana Technologies

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Eguana Technologies Inc designs and manufactures residential and commercial energy storage systems for fuel cell, photovoltaic, and battery applications in Canada, Asia, Australia, Europe, and the United States. It provides its products under the Enduro, Evolve, and Elevate brand names. The company was formerly known as Sustainable Energy Technologies Ltd.

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