Ethernity Networks (LON:ENET) Stock Price Down 5.9%

Ethernity Networks Ltd. (LON:ENETGet Free Report) dropped 5.9% during trading on Thursday . The company traded as low as GBX 0.77 ($0.01) and last traded at GBX 0.80 ($0.01). Approximately 5,589,362 shares were traded during trading, a decline of 80% from the average daily volume of 27,283,650 shares. The stock had previously closed at GBX 0.85 ($0.01).

Ethernity Networks Stock Performance

The business’s 50-day moving average price is GBX 0.86 and its 200 day moving average price is GBX 1.14. The company has a debt-to-equity ratio of 51.98, a current ratio of 0.73 and a quick ratio of 1.37. The firm has a market capitalization of £1.19 million, a price-to-earnings ratio of -11.43 and a beta of 1.28.

Ethernity Networks Company Profile

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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.

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