Enablence Technologies (CVE:ENA) Shares Up 1.5% – Still a Buy?

Enablence Technologies Inc. (CVE:ENAGet Free Report)’s share price shot up 1.5% during trading on Tuesday . The stock traded as high as C$1.50 and last traded at C$1.32. 2,257 shares were traded during trading, a decline of 41% from the average session volume of 3,855 shares. The stock had previously closed at C$1.30.

Enablence Technologies Price Performance

The stock has a market capitalization of C$24.54 million, a PE ratio of -1.57 and a beta of 0.49. The stock’s fifty day moving average is C$1.26 and its 200-day moving average is C$1.46.

Enablence Technologies (CVE:ENAGet Free Report) last released its quarterly earnings results on Monday, October 28th. The company reported C($0.35) earnings per share for the quarter. The company had revenue of C$0.85 million during the quarter.

Enablence Technologies Company Profile

(Get Free Report)

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.

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