Ethernity Networks (LON:ENET) Shares Down 8.3% – Here’s What Happened

Ethernity Networks Ltd. (LON:ENET) shares were down 8.3% during mid-day trading on Thursday . The company traded as low as GBX 0.11 ($0.00) and last traded at GBX 0.11 ($0.00). Approximately 7,894,422 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 106,268,180 shares. The stock had previously closed at GBX 0.12 ($0.00).

Ethernity Networks Stock Performance

The firm has a market cap of £414,392.00, a P/E ratio of -3.67 and a beta of 0.58. 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 business has a fifty day simple moving average of GBX 0.13 and a 200-day simple moving average of GBX 0.36.

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.