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

Shares of Ethernity Networks Ltd. (LON:ENET) fell 16.7% during mid-day trading on Wednesday . The company traded as low as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). 392,313 shares were traded during trading, a decline of 99% from the average session volume of 65,558,641 shares. The stock had previously closed at GBX 0.03 ($0.00).

Ethernity Networks Price Performance

The firm has a market capitalization of £414,841.17, a P/E ratio of -0.02 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 firm has a 50 day moving average price of GBX 0.08 and a 200-day moving average price of GBX 0.15.

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.