Ethernity Networks (LON:ENET) Reaches New 52-Week Low – What’s Next?

Shares of Ethernity Networks Ltd. (LON:ENET) reached a new 52-week low on Tuesday . The company traded as low as GBX 0.15 ($0.00) and last traded at GBX 0.16 ($0.00), with a volume of 53904637 shares traded. The stock had previously closed at GBX 0.19 ($0.00).

Ethernity Networks Trading Down 15.3 %

The stock’s fifty day simple moving average is GBX 0.38 and its two-hundred day simple moving average is GBX 0.62. The firm has a market cap of £606,519.20, a PE ratio of -5.37 and a beta of 0.58. The company has a quick ratio of 1.37, a current ratio of 0.42 and a debt-to-equity ratio of 21.00.

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.