Ethernity Networks (LON:ENET) Stock Price Down 16.7% – What’s Next?

Ethernity Networks Ltd. (LON:ENET) shares dropped 16.7% during mid-day trading on Wednesday . The company traded as low as GBX 0.01 and last traded at GBX 0.01. Approximately 795,458,938 shares were traded during mid-day trading, an increase of 422% from the average daily volume of 152,462,406 shares. The stock had previously closed at GBX 0.01.

Ethernity Networks Stock Performance

The company has a market capitalization of £50,000.00, a price-to-earnings ratio of -0.01 and a beta of 0.58. The company has a current ratio of 0.42, a quick ratio of 1.37 and a debt-to-equity ratio of 21.00. The stock’s fifty day simple moving average is GBX 0.01 and its 200-day simple moving average is GBX 0.01.

Ethernity Networks Company Profile

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.