Adtran Networks (ETR:ADV) Trading Down 0.2% – Here’s Why

Shares of Adtran Networks SE (ETR:ADVGet Free Report) traded down 0.2% during trading on Friday . The stock traded as low as €19.48 ($21.17) and last traded at €19.50 ($21.20). 736 shares changed hands during trading, a decline of 100% from the average session volume of 238,171 shares. The stock had previously closed at €19.54 ($21.24).

Adtran Networks Stock Down 0.2 %

The business’s fifty day moving average price is €19.34 and its two-hundred day moving average price is €19.60. The company has a debt-to-equity ratio of 30.03, a quick ratio of 0.73 and a current ratio of 2.34. The firm has a market capitalization of $1.01 billion, a P/E ratio of -43.33, a PEG ratio of 0.71 and a beta of 0.46.

About Adtran Networks

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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.

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