Adtran Networks (ETR:ADV) Shares Down 0.4% – Should You Sell?

Shares of Adtran Networks SE (ETR:ADV) traded down 0.4% during trading on Thursday . The company traded as low as €22.30 and last traded at €22.30. 78 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 238,171 shares. The stock had previously closed at €22.40.

Adtran Networks Trading Up 0.4%

The business’s 50-day moving average price is €22.02 and its 200 day moving average price is €21.62. The company has a market cap of $1.16 billion, a P/E ratio of -49.45, a P/E/G ratio of 0.71 and a beta of 0.46. The company has a debt-to-equity ratio of 30.03, a quick ratio of 0.73 and a current ratio of 2.34.

Adtran Networks Company Profile

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.