Firstwave Cloud Technology (ASX:FCT) Trading Down 3%

Firstwave Cloud Technology Ltd (ASX:FCT)’s share price fell 3% on Friday . The stock traded as low as A$0.16 ($0.11) and last traded at A$0.16 ($0.11), 792,606 shares were traded during mid-day trading. The stock had previously closed at A$0.17 ($0.12).

The stock has a market cap of $50.57 million and a P/E ratio of -3.56. The firm’s fifty day moving average price is A$0.16 and its two-hundred day moving average price is A$0.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.44 and a quick ratio of 1.23.

In other news, insider John Grant 4,200,000 shares of the firm’s stock in a transaction dated Thursday, December 19th.

Firstwave Cloud Technology Company Profile (ASX:FCT)

Firstwave Cloud Technology Limited engages in the development and sale of Internet security software to businesses, enterprises, and government organizations in Australia and internationally. It offers FirstWave cloud content security gateway, cloud email security, cloud Web security, cloud next generation firewall, and cloud integration services.

Read More: Dividend Reinvestment Plan (DRIP)

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