Redline Communications Group (TSE:RDL) Share Price Crosses Below Fifty Day Moving Average of $1.47

Redline Communications Group Inc (TSE:RDL)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $1.47 and traded as low as $1.35. Redline Communications Group shares last traded at $1.39, with a volume of 1,200 shares changing hands.

Separately, Echelon Wealth Partners restated a “speculative buy” rating on shares of Redline Communications Group in a research report on Thursday, March 14th.

The company has a quick ratio of 1.96, a current ratio of 2.84 and a debt-to-equity ratio of 10.97. The company’s 50-day moving average is C$1.47. The company has a market cap of $24.45 million and a price-to-earnings ratio of -19.72.

Redline Communications Group (TSE:RDL) last posted its quarterly earnings results on Tuesday, May 7th. The company reported C($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.08). The firm had revenue of C$7.76 million during the quarter, compared to analyst estimates of C$9.58 million. Sell-side analysts anticipate that Redline Communications Group Inc will post 0.06 EPS for the current year.

About Redline Communications Group (TSE:RDL)

Redline Communications Group Inc, together with its subsidiaries, develops broadband fixed wireless base stations, subscriber stations, and network management systems for point-to-point and point-to-multipoint applications for commercial end-users. It operates through Hardware and Software Products, Professional Services and 3rd Party Equipment, and Maintenance and Support segments.

Further Reading: Certificate of Deposit (CD)

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