Ethernity Networks (LON:ENET) Hits New 52-Week Low – Here’s Why

Shares of Ethernity Networks Ltd. (LON:ENET) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 0.11 ($0.00) and last traded at GBX 0.11 ($0.00), with a volume of 23052119 shares changing hands. The stock had previously closed at GBX 0.13 ($0.00).

Ethernity Networks Trading Down 9.6 %

The business’s fifty day simple moving average is GBX 0.15 and its 200 day simple moving average is GBX 0.40. The company has a current ratio of 0.42, a quick ratio of 1.37 and a debt-to-equity ratio of 21.00. The stock has a market cap of £425,693.60, a P/E ratio of -3.77 and a beta of 0.58.

About Ethernity Networks

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.