EnSilica (LON:ENSI) Shares Down 1.8% – Here’s What Happened

Shares of EnSilica plc (LON:ENSI) fell 1.8% during trading on Friday . The stock traded as low as GBX 74 and last traded at GBX 74.62. Approximately 658,280 shares traded hands during trading, a decline of 7% from the average session volume of 709,329 shares. The stock had previously closed at GBX 76.

EnSilica Price Performance

The company has a market capitalization of £100.17 million, a price-to-earnings ratio of -31.89 and a beta of 0.91. The company has a quick ratio of 3.18, a current ratio of 0.79 and a debt-to-equity ratio of 45.39. The company has a 50 day simple moving average of GBX 79.47 and a 200 day simple moving average of GBX 77.31.

EnSilica Company Profile

Founded in 2001, EnSilica began as a semiconductor design services business, building deep expertise in complex chip design. In 2016, the Company evolved into designing and supplying customer-funded ASICs (Application Specific Integrated Circuits), creating long-term recurring supply revenues.

Today, EnSilica designs and supplies a complementary mix of ASICs and ASSPs (Application Specific Standard Products). ASICs are developed for individual customers, typically with customer-funded development, while EnSilica’s own ASSPs are designed for specific applications and sold to multiple customers, providing greater scale and higher-margin potential.