Calnex Solutions (LON:CLX) Shares Down 0.8% – Here’s What Happened

Calnex Solutions plc (LON:CLX)’s stock price traded down 0.8% during mid-day trading on Thursday . The company traded as low as GBX 65 ($0.81) and last traded at GBX 65 ($0.81). 358,068 shares traded hands during trading, an increase of 215% from the average session volume of 113,682 shares. The stock had previously closed at GBX 65.50 ($0.81).

Calnex Solutions Stock Down 0.8 %

The firm has a market cap of £56.91 million, a price-to-earnings ratio of 1,756.33 and a beta of 1.86. The company has a current ratio of 4.15, a quick ratio of 3.22 and a debt-to-equity ratio of 1.52. The stock has a 50-day moving average of GBX 66 and a 200-day moving average of GBX 57.45.

Calnex Solutions (LON:CLX) last announced its quarterly earnings results on Tuesday, November 19th. The company reported GBX (1.13) (($0.01)) earnings per share (EPS) for the quarter. Calnex Solutions had a return on equity of 0.15% and a net margin of 0.25%. As a group, sell-side analysts forecast that Calnex Solutions plc will post 0.3596909 EPS for the current fiscal year.

Calnex Solutions Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, December 16th. Shareholders of record on Thursday, November 28th were given a dividend of GBX 0.31 ($0.00) per share. The ex-dividend date of this dividend was Thursday, November 28th. This represents a yield of 0.48%.

About Calnex Solutions

Calnex Solutions designs, produces and markets test and measurement instrumentation and solutions for the telecommunications and cloud computing industries. Calnex’s portfolio enables R&D, pre-deployment and in-service testing for network technologies and networked applications, enabling its customers to validate the performance of the critical infrastructure associated with telecommunications and cloud computing networks and the applications that run on it.

To date, Calnex has secured and delivered orders in 68 countries across the world.