Ethernity Networks (LON:ENET) Trading Down 16.7% – Here’s What Happened

Ethernity Networks Ltd. (LON:ENET)’s share price traded down 16.7% on Tuesday . The stock traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). 50,855,016 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 67,501,430 shares. The stock had previously closed at GBX 0.03 ($0.00).

Ethernity Networks Stock Down 9.1 %

The firm has a market capitalization of £497,809.41, a price-to-earnings ratio of -0.02 and a beta of 0.58. The company has a debt-to-equity ratio of 21.00, a current ratio of 0.42 and a quick ratio of 1.37. The stock has a fifty day moving average of GBX 0.07 and a two-hundred day moving average of GBX 0.14.

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.