Calnex Solutions (LON:CLX) Stock Price Down 1.9% – Here’s Why

Calnex Solutions plc (LON:CLX) shares were down 1.9% during mid-day trading on Thursday. The company traded as low as GBX 51 and last traded at GBX 53.98. Approximately 88,636 shares were traded during mid-day trading, a decline of 50% from the average session volume of 178,801 shares. The stock had previously closed at GBX 55.

Calnex Solutions Stock Performance

The company has a debt-to-equity ratio of 3.43, a current ratio of 2.80 and a quick ratio of 3.22. The company has a fifty day moving average of GBX 58.37 and a 200 day moving average of GBX 60.38. The stock has a market cap of £49.06 million, a P/E ratio of 69.62 and a beta of 1.05.

About Calnex Solutions

Calnex Solutions designs, produces and markets test and measurement instrumentation and solutions for the telecoms, digital infrastructure and government & defence markets. Calnex’s portfolio enables R&D, pre-deployment and in-service testing for network technologies and networked applications, enabling its customers to validate the performance of the critical infrastructure associated with telecoms and cloud computing networks and the applications that run on it.

To date, Calnex has secured and delivered orders in 68 countries across the world.