Calnex Solutions (LON:CLX) Stock Price Down 3.8% – Should You Sell?

Calnex Solutions plc (LON:CLX)’s share price fell 3.8% during mid-day trading on Tuesday . The stock traded as low as GBX 56.11 and last traded at GBX 57.70. 60,896 shares were traded during trading, a decline of 36% from the average session volume of 95,160 shares. The stock had previously closed at GBX 60.

Calnex Solutions Stock Down 3.8%

The company has a debt-to-equity ratio of 1.52, a current ratio of 4.15 and a quick ratio of 3.22. The firm’s 50 day moving average price is GBX 58.98 and its two-hundred day moving average price is GBX 53.49. The firm has a market cap of £50.77 million, a price-to-earnings ratio of 160.28 and a beta of 1.86.

About Calnex Solutions

Calnex Solutions designs, produces and markets test and measurement instrumentation and solutions for the telecoms and cloud computing industries. 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.