Ethernity Networks (LON:ENET) Sets New 1-Year Low – Time to Sell?

Ethernity Networks Ltd. (LON:ENET) shares hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 0.09 ($0.00) and last traded at GBX 0.09 ($0.00), with a volume of 10477890 shares. The stock had previously closed at GBX 0.10 ($0.00).

Ethernity Networks Stock Down 6.1 %

The company has a debt-to-equity ratio of 21.00, a quick ratio of 1.37 and a current ratio of 0.42. The firm has a market capitalization of £346,582.40, a P/E ratio of -3.07 and a beta of 0.58. The stock has a fifty day moving average price of GBX 0.12 and a two-hundred day moving average price of GBX 0.27.

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.