Ethernity Networks (LON:ENET) Trading Down 16.7% – Should You Sell?

Ethernity Networks Ltd. (LON:ENET) shares traded down 16.7% during mid-day trading on Tuesday . The stock traded as low as GBX 0.01 and last traded at GBX 0.01. Approximately 55,290,293 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 142,708,094 shares. The stock had previously closed at GBX 0.01.

Ethernity Networks Price Performance

The company has a quick ratio of 1.37, a current ratio of 0.42 and a debt-to-equity ratio of 21.00. The firm has a market capitalization of £50,000.00, a P/E ratio of -0.01 and a beta of 0.58. The business’s 50-day simple moving average is GBX 0.01 and its 200 day simple moving average is GBX 0.02.

About Ethernity Networks

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.