Ethernity Networks (LON:ENET) Stock Price Down 7.1% – Should You Sell?

Ethernity Networks Ltd. (LON:ENET)’s stock price dropped 7.1% during mid-day trading on Thursday . The company traded as low as GBX 0.11 ($0.00) and last traded at GBX 0.11 ($0.00). Approximately 8,550,908 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 111,785,898 shares. The stock had previously closed at GBX 0.11 ($0.00).

Ethernity Networks Trading Up 2.9 %

The firm’s 50-day simple moving average is GBX 0.12 and its 200 day simple moving average is GBX 0.31. The company has a debt-to-equity ratio of 21.00, a current ratio of 0.42 and a quick ratio of 1.37. The firm has a market capitalization of £406,857.60, a price-to-earnings ratio of -3.60 and a beta of 0.58.

About Ethernity Networks

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.