Ethernity Networks (LON:ENET) Shares Down 17.9% – Here’s Why

Shares of Ethernity Networks Ltd. (LON:ENET) traded down 17.9% during trading on Tuesday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 14,969,828 shares traded hands during trading, a decline of 77% from the average session volume of 64,091,551 shares. The stock had previously closed at GBX 0.03 ($0.00).

Ethernity Networks Stock Performance

The firm has a market cap of £497,809.41, a price-to-earnings ratio of -0.02 and a beta of 0.58. The company has a current ratio of 0.42, a quick ratio of 1.37 and a debt-to-equity ratio of 21.00. The stock’s 50 day moving average is GBX 0.06 and its 200 day moving average is GBX 0.12.

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.