Ethernity Networks (LON:ENET) Trading Up 18.8% – Still a Buy?

Shares of Ethernity Networks Ltd. (LON:ENET) were up 18.8% during mid-day trading on Monday . The company traded as high as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 69,657,961 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 147,427,672 shares. The stock had previously closed at GBX 0.02 ($0.00).

Ethernity Networks Trading Up 18.8%

The company has a current ratio of 0.42, a quick ratio of 1.37 and a debt-to-equity ratio of 21.00. The business has a 50 day moving average of GBX 0.02 and a 200-day moving average of GBX 0.02. The stock has a market cap of £190,000.00, a PE ratio of -1.90 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.