Adtran Networks (ETR:ADV) Stock Price Up 0.3% – What’s Next?

Adtran Networks SE (ETR:ADV) traded up 0.3% on Wednesday . The company traded as high as €20.10 ($20.72) and last traded at €20.05 ($20.67). 7,841 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 238,171 shares. The stock had previously closed at €20.00 ($20.62).

Adtran Networks Price Performance

The company has a quick ratio of 0.73, a current ratio of 2.34 and a debt-to-equity ratio of 30.03. The stock’s 50-day moving average price is €19.83 and its 200-day moving average price is €19.55. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -44.56, a price-to-earnings-growth ratio of 0.71 and a beta of 0.46.

Adtran Networks Company Profile

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.