Ethernity Networks (LON:ENET) Trading Down 30.2% – Here’s Why

Ethernity Networks Ltd. (LON:ENET)’s stock price was down 30.2% during trading on Tuesday . The company traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). Approximately 82,693,344 shares were traded during trading, an increase of 28% from the average daily volume of 64,661,422 shares. The stock had previously closed at GBX 0.04 ($0.00).

Ethernity Networks Stock Performance

The business’s fifty day moving average price is GBX 0.09 and its 200 day moving average price is GBX 0.16. The company has a debt-to-equity ratio of 21.00, a current ratio of 0.42 and a quick ratio of 1.37. The company has a market cap of £497,809.41, a price-to-earnings ratio of -0.02 and a beta of 0.58.

About Ethernity Networks

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.