Ethernity Networks (LON:ENET) Shares Down 5% – Here’s Why

Ethernity Networks Ltd. (LON:ENET) fell 5% during mid-day trading on Wednesday . The company traded as low as GBX 0.10 ($0.00) and last traded at GBX 0.10 ($0.00). 13,535,942 shares were traded during mid-day trading, a decline of 82% from the average session volume of 76,236,781 shares. The stock had previously closed at GBX 0.10 ($0.00).

Ethernity Networks Stock Down 3.1 %

The stock has a market cap of £1.58 million, a PE ratio of -0.07 and a beta of 0.58. The business has a fifty day moving average of GBX 0.11 and a 200-day moving average of GBX 0.25. The company has a debt-to-equity ratio of 21.00, a current ratio of 0.42 and a quick ratio of 1.37.

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.