Adtran Networks (ETR:ADV) Shares Up 0.3% – Here’s Why

Adtran Networks SE (ETR:ADV)’s share price shot up 0.3% during mid-day trading on Tuesday . The stock traded as high as €19.90 ($20.95) and last traded at €19.90 ($20.95). 17,026 shares were traded during trading, a decline of 93% from the average session volume of 238,171 shares. The stock had previously closed at €19.84 ($20.88).

Adtran Networks Stock Performance

The company has a quick ratio of 0.73, a current ratio of 2.34 and a debt-to-equity ratio of 30.03. The stock has a fifty day simple moving average of €19.59 and a 200-day simple moving average of €19.54. The company has a market capitalization of $1.04 billion, a P/E ratio of -44.22, a PEG ratio of 0.71 and a beta of 0.46.

About Adtran Networks

Adtran Networks SE engages in the development, manufacture, and sale of optical and Ethernet-based networking solutions for telecommunications carriers and enterprises to deliver data, storage, voice, and video services. It offers open optical transport solutions, such as FSP 3000 open terminals, FSP 3000 open line systems, and pluggables and subsystems; network infrastructure assurance solutions; fiber access and aggregation solutions; and residential solutions, such as optical network terminals, mesh Wi-Fi gateways and satellites, and cloud managed Wi-Fi solutions.