Adtran Networks (ETR:ADV) Share Price Passes Above 50-Day Moving Average – Here’s Why

Adtran Networks SE (ETR:ADV)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of €22.40 and traded as high as €22.70. Adtran Networks shares last traded at €22.70, with a volume of 10,656 shares trading hands.

Adtran Networks Price Performance

The company has a current ratio of 1.90, a quick ratio of 0.73 and a debt-to-equity ratio of 19.86. The company has a 50 day moving average price of €22.40 and a 200 day moving average price of €21.95. The company has a market capitalization of $1.18 billion, a P/E ratio of -50.11, a P/E/G ratio of 0.71 and a beta of 0.09.

About Adtran Networks

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.