Ethernity Networks (LON:ENET) Trading 10.5% Higher – Here’s What Happened

Ethernity Networks Ltd. (LON:ENET) shot up 10.5% during mid-day trading on Tuesday . The stock traded as high as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 493,772,813 shares were traded during mid-day trading, an increase of 199% from the average session volume of 165,213,563 shares. The stock had previously closed at GBX 0.02 ($0.00).

Ethernity Networks Trading Up 4.5%

The company has a quick ratio of 1.37, a current ratio of 0.42 and a debt-to-equity ratio of 21.00. The firm has a market cap of £381,653.88, a P/E ratio of -0.02 and a beta of 0.58. The company’s 50 day simple moving average is GBX 0.02 and its 200-day simple moving average is GBX 0.06.

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.