Adtran Networks (ETR:ADV) Trading Up 0.4% – Time to Buy?

Adtran Networks SE (ETR:ADV) shares were up 0.4% during trading on Friday . The stock traded as high as €23.00 and last traded at €23.00. Approximately 2,391 shares were traded during trading, a decline of 99% from the average daily volume of 238,171 shares. The stock had previously closed at €22.90.

Adtran Networks Price Performance

The company’s fifty day moving average price is €22.65 and its 200 day moving average price is €22.13. The company has a market capitalization of $1.19 billion, a P/E ratio of -50.77, a PEG ratio of 0.71 and a beta of 0.09. The company has a quick ratio of 0.73, a current ratio of 1.90 and a debt-to-equity ratio of 19.86.

About Adtran Networks

Adtran Networks SE engages in the development, manufacture, and sale of optical and Ethernet-based networking solutions for telecommunications carriers and enterprises to deliver data, storage, voice, and video services. It offers open optical transport solutions, such as FSP 3000 open terminals, FSP 3000 open line systems, and pluggables and subsystems; network infrastructure assurance solutions; fiber access and aggregation solutions; and residential solutions, such as optical network terminals, mesh Wi-Fi gateways and satellites, and cloud managed Wi-Fi solutions.