Ethernity Networks (LON:ENET) Stock Price Down 16.7% – Should You Sell?

Ethernity Networks Ltd. (LON:ENET) traded down 16.7% on Wednesday . The stock traded as low as GBX 0.10 ($0.00) and last traded at GBX 0.10 ($0.00). 61,136,082 shares were traded during trading, a decline of 46% from the average session volume of 113,946,758 shares. The stock had previously closed at GBX 0.12 ($0.00).

Ethernity Networks Trading Down 11.7 %

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 stock has a market capitalization of £399,323.20, a PE ratio of -3.53 and a beta of 0.58. The business’s 50-day moving average is GBX 0.13 and its two-hundred day moving average is GBX 0.34.

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.