Ethernity Networks (LON:ENET) Trading 16.7% Higher – What’s Next?

Shares of Ethernity Networks Ltd. (LON:ENET) shot up 16.7% during trading on Wednesday . The stock traded as high as GBX 0.01 and last traded at GBX 0.01. 920,350,875 shares changed hands during trading, an increase of 13% from the average session volume of 813,575,125 shares. The stock had previously closed at GBX 0.01.

Ethernity Networks Price Performance

The company has a market cap of £60,000.00, a P/E ratio of -0.01 and a beta of 0.58. The company has a debt-to-equity ratio of 21.00, a quick ratio of 1.37 and a current ratio of 0.42. The firm’s fifty day moving average is GBX 0.01 and its two-hundred day 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.