Ethernity Networks (LON:ENET) Trading Down 6.3%

Ethernity Networks Ltd. (LON:ENET) was down 6.3% during mid-day trading on Wednesday . The stock traded as low as GBX 0.75 ($0.01) and last traded at GBX 0.82 ($0.01). Approximately 5,141,626 shares traded hands during trading, a decline of 80% from the average daily volume of 25,256,883 shares. The stock had previously closed at GBX 0.88 ($0.01).

Ethernity Networks Price Performance

The firm has a market capitalization of £1.23 million, a P/E ratio of -11.74 and a beta of 1.28. The company has a quick ratio of 1.37, a current ratio of 0.73 and a debt-to-equity ratio of 51.98. The business’s 50 day moving average is GBX 0.85 and its 200-day moving average is GBX 1.17.

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.