Adtran Networks (ETR:ADV) Trading 0.5% Higher – Here’s Why

Adtran Networks SE (ETR:ADVGet Free Report)’s share price rose 0.5% during trading on Monday . The stock traded as high as €21.60 and last traded at €21.60. Approximately 4,409 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 238,171 shares. The stock had previously closed at €21.50.

Adtran Networks Stock Performance

The business has a 50 day simple moving average of €21.53 and a two-hundred day simple moving average of €20.95. The company has a quick ratio of 0.73, a current ratio of 2.34 and a debt-to-equity ratio of 30.03. The firm has a market cap of $1.12 billion, a PE ratio of -47.68, a price-to-earnings-growth ratio of 0.71 and a beta of 0.46.

About Adtran Networks

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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.

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