Ethernity Networks (LON:ENET) Trading Up 20% – Here’s What Happened

Ethernity Networks Ltd. (LON:ENET) shares traded up 20% during trading on Tuesday . The company traded as high as GBX 0.01 and last traded at GBX 0.01. 568,256,875 shares traded hands during mid-day trading, an increase of 274% from the average session volume of 152,095,156 shares. The stock had previously closed at GBX 0.01.

Ethernity Networks Stock Performance

The company has a debt-to-equity ratio of 21.00, a current ratio of 0.42 and a quick ratio of 1.37. The company has a market cap of £50,000.00, a price-to-earnings ratio of -0.01 and a beta of 0.58. The firm has a 50 day simple moving average of GBX 0.01 and a 200-day simple moving average of GBX 0.01.

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.