Ethernity Networks (LON:ENET) Stock Price Up 14.2% – Here’s What Happened

Ethernity Networks Ltd. (LON:ENET) was up 14.2% during trading on Tuesday . The stock traded as high as GBX 0.15 ($0.00) and last traded at GBX 0.14 ($0.00). Approximately 61,883,949 shares were traded during mid-day trading, an increase of 175% from the average daily volume of 22,463,387 shares. The stock had previously closed at GBX 0.12 ($0.00).

Ethernity Networks Price Performance

The company has a market capitalization of £516,106.40, a price-to-earnings ratio of -4.00 and a beta of 0.58. The company has a current ratio of 0.42, a quick ratio of 1.37 and a debt-to-equity ratio of 21.00. The company has a 50 day moving average price of GBX 0.20 and a 200 day moving average price of GBX 0.47.

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.