Ethernity Networks (LON:ENET) Trading Down 8.9%

Ethernity Networks Ltd. (LON:ENETGet Free Report) dropped 8.9% during mid-day trading on Monday . The stock traded as low as GBX 0.65 ($0.01) and last traded at GBX 0.70 ($0.01). Approximately 7,652,161 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 20,053,793 shares. The stock had previously closed at GBX 0.77 ($0.01).

Ethernity Networks Trading Down 8.9 %

The firm has a market cap of £2.64 million, a P/E ratio of -25.83 and a beta of 1.21. The company has a debt-to-equity ratio of 20.33, a quick ratio of 1.37 and a current ratio of 1.07. The firm has a fifty day moving average of GBX 0.76 and a 200-day moving average of GBX 0.90.

About Ethernity Networks

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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.

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