Ethernity Networks (LON:ENET) Shares Up 10.9%

Shares of Ethernity Networks Ltd. (LON:ENET) rose 10.9% during mid-day trading on Tuesday . The company traded as high as GBX 0.32 ($0.00) and last traded at GBX 0.32 ($0.00). Approximately 45,981,672 shares changed hands during trading, an increase of 125% from the average daily volume of 20,431,840 shares. The stock had previously closed at GBX 0.29 ($0.00).

Ethernity Networks Price Performance

The company has a 50 day moving average price of GBX 0.52 and a 200 day moving average price of GBX 0.69. The company has a market capitalization of £1.17 million, a price-to-earnings ratio of -10.00 and a beta of 0.58. The company has a current ratio of 1.07, a quick ratio of 1.37 and a debt-to-equity ratio of 20.33.

Ethernity Networks Company Profile

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.