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

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

Ethernity Networks Stock Performance

The company has a market capitalization of £715,768.00, a price-to-earnings ratio of -8.92 and a beta of 0.58. 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 50 day moving average price of GBX 0.39 and a two-hundred day moving average price of GBX 0.63.

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.