Ethernity Networks (LON:ENET) Trading Up 65% – Here’s What Happened

Ethernity Networks Ltd. (LON:ENET)’s stock price shot up 65% on Tuesday . The company traded as high as GBX 0.04 ($0.00) and last traded at GBX 0.03 ($0.00). 207,416,734 shares were traded during mid-day trading, an increase of 152% from the average session volume of 82,398,438 shares. The stock had previously closed at GBX 0.02 ($0.00).

Ethernity Networks Stock Performance

The company has a market capitalization of £580,777.64, a P/E ratio of -0.03 and a beta of 0.58. The company’s 50 day moving average is GBX 0.04 and its 200-day moving average is GBX 0.10. The company has a current ratio of 0.42, a quick ratio of 1.37 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.