Shares of Enablence Technologies Inc. (CVE:ENA – Get Free Report) traded down 8.3% during mid-day trading on Friday . The company traded as low as C$5.22 and last traded at C$5.50. 5,580 shares traded hands during trading, a decline of 46% from the average session volume of 10,338 shares. The stock had previously closed at C$6.00.
Enablence Technologies Stock Performance
The company has a market capitalization of C$115.89 million, a price-to-earnings ratio of -4.74 and a beta of 1.06. The company has a 50 day moving average price of C$8.31 and a 200 day moving average price of C$4.96.
Enablence Technologies Company Profile
Enablence Technologies Inc, together with its subsidiaries, designs, manufactures, and sells optical components in planar light wave circuits in Canada, China, and the United States. The company provides coarse wavelength division multiplexing optical demultiplexer and multiplexer, and LAN-wavelength division multiplexing, an optical component device. It also offers long delay lines, an optical component device used for laser locking, short-pulse lasers, and decoherence services. In addition, the company provides various customized design services.
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