Ethernity Networks (LON:ENET) Hits New 52-Week Low – Time to Sell?

Ethernity Networks Ltd. (LON:ENET)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 0.13 ($0.00) and last traded at GBX 0.14 ($0.00), with a volume of 22584625 shares changing hands. The stock had previously closed at GBX 0.14 ($0.00).

Ethernity Networks Price Performance

The company has a market cap of £519,873.60, a P/E ratio of -4.60 and a beta of 0.58. The stock has a 50-day simple moving average of GBX 0.22 and a 200 day simple moving average of GBX 0.51. The company has a debt-to-equity ratio of 21.00, a quick ratio of 1.37 and a current ratio of 0.42.

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.