Adtran Networks (ETR:ADV) Shares Down 0.4% – Here’s What Happened

Adtran Networks SE (ETR:ADV) traded down 0.4% during trading on Wednesday . The stock traded as low as €22.30 and last traded at €22.40. 24,340 shares changed hands during trading, a decline of 90% from the average session volume of 238,171 shares. The stock had previously closed at €22.50.

Adtran Networks Stock Performance

The company has a debt-to-equity ratio of 19.86, a current ratio of 1.90 and a quick ratio of 0.73. The stock has a fifty day simple moving average of €22.23 and a two-hundred day simple moving average of €21.83. The firm has a market capitalization of $1.16 billion, a P/E ratio of -49.45, a P/E/G ratio of 0.71 and a beta of 0.09.

About Adtran Networks

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.