Firstwave Cloud Technology (ASX:FCT) Trading Down 3.7%

Firstwave Cloud Technology Ltd (ASX:FCT) dropped 3.7% on Tuesday . The company traded as low as A$0.26 ($0.18) and last traded at A$0.26 ($0.18), approximately 61,833 shares were traded during trading. The stock had previously closed at A$0.27 ($0.19).

The company has a debt-to-equity ratio of 3.13, a current ratio of 1.12 and a quick ratio of 0.85. The company has a market cap of $75.82 million and a PE ratio of -4.91. The company has a 50 day simple moving average of A$0.27.

In related news, insider Scott Lidgett sold 1,000,000 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of A$0.30 ($0.21), for a total transaction of A$300,000.00 ($212,765.96).

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.

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