Adtran Networks (ETR:ADV) Shares Down 0.5% – Here’s Why

Adtran Networks SE (ETR:ADV)’s stock price fell 0.5% during trading on Thursday. The company traded as low as €21.30 and last traded at €21.40. 1,296 shares changed hands during trading, a decline of 99% from the average session volume of 238,171 shares. The stock had previously closed at €21.50.

Adtran Networks Stock Down 0.5%

The stock has a fifty day moving average of €22.54 and a 200-day moving average of €22.81. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -47.24, a PEG ratio of 0.71 and a beta of 0.06. The company has a current ratio of 1.90, a quick ratio of 0.73 and a debt-to-equity ratio of 10.91.

Adtran Networks Company Profile

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.