Enablence Technologies (CVE:ENA) Reaches New 52-Week High – Still a Buy?

Shares of Enablence Technologies Inc. (CVE:ENAGet Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as C$2.70 and last traded at C$2.70, with a volume of 2014 shares trading hands. The stock had previously closed at C$1.85.

Enablence Technologies Stock Down 25.9 %

The stock has a market cap of C$37.18 million, a price-to-earnings ratio of -2.38 and a beta of 0.49. The company has a 50 day simple moving average of C$1.50 and a 200 day simple moving average of C$1.45.

Enablence Technologies (CVE:ENAGet Free Report) last issued its earnings results on Monday, October 28th. The company reported C($0.35) EPS for the quarter. The business had revenue of C$0.85 million during the quarter.

About Enablence Technologies

(Get Free Report)

Enablence Technologies Inc, together with its subsidiaries, designs, manufactures, and sells optical components in planar light wave circuits in Canada, China, and the United States. The company provides coarse wavelength division multiplexing optical demultiplexer and multiplexer, and LAN-wavelength division multiplexing, an optical component device.

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