Enablence Technologies Inc. (CVE:ENA – Get Free Report)’s share price dropped 8.3% during trading on Friday . The company traded as low as C$5.22 and last traded at C$5.50. 5,580 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 10,338 shares. The stock had previously closed at C$6.00.
Enablence Technologies Stock Down 8.3%
The stock has a market capitalization of C$115.89 million, a P/E ratio of -4.74 and a beta of 1.06. The business has a fifty day moving average price of C$8.31 and a 200-day moving average price of C$4.96.
About Enablence Technologies
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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