Enablence Technologies Inc. (CVE:ENA – Get Free Report)’s share price traded down 2.9% on Friday. The stock traded as low as C$8.05 and last traded at C$8.34. Approximately 863 shares traded hands during trading, a decline of 91% from the average daily volume of 9,108 shares. The stock had previously closed at C$8.59.
Enablence Technologies Price Performance
The business’s 50 day moving average price is C$6.55 and its 200-day moving average price is C$6.33. The company has a market cap of C$175.74 million, a P/E ratio of -7.19 and a beta of 1.05.
About Enablence Technologies
Enablence Technologies Inc, together with its subsidiaries, designs, manufactures, and sells optical components in planar light wave circuits in Canada, China, and the United States. The company provides coarse wavelength division multiplexing optical demultiplexer and multiplexer, and LAN-wavelength division multiplexing, an optical component device. It also offers long delay lines, an optical component device used for laser locking, short-pulse lasers, and decoherence services. In addition, the company provides various customized design services.
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