ADVA Optical Networking (ETR:ADV) Trading Down 2.3%
ADVA Optical Networking SE (ETR:ADV) shares dropped 2.3% during mid-day trading on Tuesday . The stock traded as low as €7.67 ($8.92) and last traded at €7.73 ($8.99), approximately 280,553 shares were traded during trading. An increase of 18% from the average daily volume of 238,171 shares. The stock had previously closed at €7.91 ($9.20).
The company has a current ratio of 1.64, a quick ratio of 0.96 and a debt-to-equity ratio of 44.42. The stock has a market capitalization of $386.21 million and a P/E ratio of 48.31. The business has a 50-day moving average price of €7.08 and a 200 day moving average price of €6.69.
ADVA Optical Networking Company Profile (ETR:ADV)
ADVA Optical Networking SE develops, manufactures, and sells optical and Ethernet-based networking solutions to deliver data, storage, voice, and video services worldwide. It offers scalable optical transport solutions, such as FSP 3000 AgileConnect, FSP 3000 CloudConnect, and FSP 3000 AccessConnect; packet edge and aggregation products, including carrier Ethernet and programmable multilayer edge, metro aggregation, and edge computing products; and network virtualization products comprising ensemble connectors, controllers, and orchestrators, as well as operates ensemble virtualization director, a management platform for the creation and deployment of virtualized services.
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