Ethernity Networks (LON:ENET) Shares Down 5.9%

Ethernity Networks Ltd. (LON:ENET)’s stock price was down 5.9% on Thursday . The company traded as low as GBX 0.77 ($0.01) and last traded at GBX 0.80 ($0.01). Approximately 5,589,362 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 27,283,650 shares. The stock had previously closed at GBX 0.85 ($0.01).

Ethernity Networks Price Performance

The company has a debt-to-equity ratio of 51.98, a quick ratio of 1.37 and a current ratio of 0.73. The stock has a market cap of £1.19 million, a PE ratio of -11.43 and a beta of 1.28. The stock has a 50 day moving average of GBX 0.86 and a two-hundred day moving average of GBX 1.14.

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.