Calnex Solutions (LON:CLX) Stock Falls 1.9% – Here’s What Happened

Shares of Calnex Solutions plc (LON:CLX) were down 1.9% during trading on Thursday. The stock traded as low as GBX 51 and last traded at GBX 53.98. Approximately 88,636 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 178,801 shares. The stock had previously closed at GBX 55.

Calnex Solutions Trading Down 1.9%

The company has a debt-to-equity ratio of 3.43, a current ratio of 2.80 and a quick ratio of 3.22. The stock has a market capitalization of £47.54 million, a PE ratio of 67.47 and a beta of 1.05. The stock’s 50 day simple moving average is GBX 58.39 and its two-hundred day simple moving average is GBX 60.41.

About Calnex Solutions

Calnex Solutions designs, produces and markets test and measurement instrumentation and solutions for the telecoms, digital infrastructure and government & defence markets. Calnex’s portfolio enables R&D, pre-deployment and in-service testing for network technologies and networked applications, enabling its customers to validate the performance of the critical infrastructure associated with telecoms and cloud computing networks and the applications that run on it.

To date, Calnex has secured and delivered orders in 68 countries across the world.