Ethernity Networks (LON:ENET) Trading Down 11.5% – Should You Sell?

Shares of Ethernity Networks Ltd. (LON:ENET) were down 11.5% during trading on Monday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 350,375,125 shares were traded during trading, an increase of 191% from the average daily volume of 120,398,914 shares. The stock had previously closed at GBX 0.03 ($0.00).

Ethernity Networks Stock Down 11.5%

The company has a debt-to-equity ratio of 21.00, a current ratio of 0.42 and a quick ratio of 1.37. The firm’s 50-day moving average is GBX 0.03 and its 200 day moving average is GBX 0.08. The stock has a market cap of £381,653.88, a price-to-earnings ratio of -0.02 and a beta of 0.58.

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.