Ethernity Networks (LON:ENET) Shares Down 4.5%

Ethernity Networks Ltd. (LON:ENETGet Free Report)’s stock price dropped 4.5% during trading on Wednesday . The stock traded as low as GBX 0.50 ($0.01) and last traded at GBX 0.53 ($0.01). Approximately 3,519,589 shares traded hands during trading, a decline of 80% from the average daily volume of 17,235,076 shares. The stock had previously closed at GBX 0.55 ($0.01).

Ethernity Networks Stock Performance

The stock has a market capitalization of £2.22 million, a price-to-earnings ratio of -19.20 and a beta of 0.66. The company has a current ratio of 1.07, a quick ratio of 1.37 and a debt-to-equity ratio of 20.33. The firm has a 50-day moving average of GBX 0.65 and a 200-day moving average of GBX 0.78.

Ethernity Networks Company Profile

(Get Free Report)

Ethernity Networks Ltd. provides technology solutions for telecom, mobile, security, and data center markets in Asia, Europe, Israel, and the United States. The company develops and delivers data processing technology and solutions for carrier Ethernet switching. It provides ENET flow processors for telco/cloud network; ACE-NIC40 SmartNIC, an open flow enabled software acceleration NIC; ACE-NIC50 SmartNIC, which offers 10/25G Ethernet connectivity and field-programmable gate array (FPGA) acceleration; and ACE-NIC100 SmartNIC that provides flexible 10/25/40/100G Ethernet connectivity and programmable FPGA acceleration.

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