Ethernity Networks (LON:ENET) Hits New 12-Month Low – Should You Sell?

Ethernity Networks Ltd. (LON:ENET)’s stock price reached a new 52-week low on Monday . The stock traded as low as GBX 0.10 ($0.00) and last traded at GBX 0.10 ($0.00), with a volume of 20646826 shares changing hands. The stock had previously closed at GBX 0.11 ($0.00).

Ethernity Networks Stock Performance

The company has a quick ratio of 1.37, a current ratio of 0.42 and a debt-to-equity ratio of 21.00. The stock’s fifty day moving average is GBX 0.12 and its two-hundred day moving average is GBX 0.30. The firm has a market capitalization of £391,788.80, a price-to-earnings ratio of -3.47 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.