Ethernity Networks (LON:ENET) Shares Down 9.6% – Here’s What Happened

Shares of Ethernity Networks Ltd. (LON:ENET) fell 9.6% during trading on Tuesday . The company traded as low as GBX 0.11 ($0.00) and last traded at GBX 0.11 ($0.00). 23,052,119 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 26,448,436 shares. The stock had previously closed at GBX 0.13 ($0.00).

Ethernity Networks Stock Down 9.6 %

The firm’s 50 day simple moving average is GBX 0.15 and its 200-day simple moving average is GBX 0.40. 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 stock has a market capitalization of £425,693.60, a price-to-earnings ratio of -3.77 and a beta of 0.58.

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.