Ethernity Networks (LON:ENET) Trading Down 25.5% – What’s Next?

Shares of Ethernity Networks Ltd. (LON:ENET) dropped 25.5% during trading on Monday . The company traded as low as GBX 0.18 ($0.00) and last traded at GBX 0.19 ($0.00). Approximately 42,368,059 shares changed hands during mid-day trading, an increase of 96% from the average daily volume of 21,650,301 shares. The stock had previously closed at GBX 0.26 ($0.00).

Ethernity Networks Stock Performance

The stock has a 50-day moving average of GBX 0.39 and a 200 day moving average of GBX 0.63. 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 stock has a market capitalization of £715,768.00, a price-to-earnings ratio of -8.92 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.