Adtran Networks (ETR:ADV) Stock Price Down 0.5% – Here’s What Happened

Adtran Networks SE (ETR:ADV) shares traded down 0.5% on Thursday. The stock traded as low as €21.30 and last traded at €21.40. 1,296 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 238,171 shares. The stock had previously closed at €21.50.

Adtran Networks Trading Down 0.5%

The firm’s 50-day moving average price is €22.50 and its 200-day moving average price is €22.80. The company has a quick ratio of 0.73, a current ratio of 1.90 and a debt-to-equity ratio of 10.91. The company has a market cap of $1.10 billion, a P/E ratio of -47.02, a price-to-earnings-growth ratio of 0.71 and a beta of 0.06.

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.