Ethernity Networks (LON:ENET) Stock Price Down 17.9% – Here’s What Happened

Ethernity Networks Ltd. (LON:ENET)’s stock price dropped 17.9% on Tuesday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 14,969,828 shares were traded during trading, a decline of 77% from the average daily volume of 64,091,551 shares. The stock had previously closed at GBX 0.03 ($0.00).

Ethernity Networks Price Performance

The company has a 50 day moving average price of GBX 0.07 and a 200-day moving average price of GBX 0.13. The company has a market cap of £414,841.17, a price-to-earnings ratio of -0.02 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.

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.