Ethernity Networks (LON:ENET) Trading Down 5% – Here’s What Happened

Ethernity Networks Ltd. (LON:ENET)’s share price fell 5% during trading on Wednesday . The company traded as low as GBX 0.10 ($0.00) and last traded at GBX 0.10 ($0.00). 13,535,942 shares traded hands during trading, a decline of 82% from the average session volume of 76,236,781 shares. The stock had previously closed at GBX 0.10 ($0.00).

Ethernity Networks Price Performance

The company has a fifty day simple moving average of GBX 0.11 and a two-hundred day simple moving average of GBX 0.26. The stock has a market capitalization of £346,582.40, a price-to-earnings ratio of -3.07 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.

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.