Enablence Technologies (CVE:ENA) Sets New 52-Week High – Time to Buy?

Enablence Technologies Inc. (CVE:ENAGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$2.71 and last traded at C$2.71, with a volume of 7216 shares traded. The stock had previously closed at C$2.33.

Enablence Technologies Trading Up 5.2%

The business has a fifty day moving average of C$1.61 and a 200-day moving average of C$1.38. The firm has a market cap of C$46.98 million, a PE ratio of -2.36 and a beta of 2.11.

Enablence Technologies Company Profile

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Enablence Technologies Inc, together with its subsidiaries, designs, manufactures, and sells optical components in planar light wave circuits in Canada, China, and the United States. The company provides coarse wavelength division multiplexing optical demultiplexer and multiplexer, and LAN-wavelength division multiplexing, an optical component device. It also offers long delay lines, an optical component device used for laser locking, short-pulse lasers, and decoherence services. In addition, the company provides various customized design services.

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