Ethernity Networks (LON:ENET) Trading Down 16.7% – Time to Sell?

Ethernity Networks Ltd. (LON:ENET)’s share price fell 16.7% 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 mid-day 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 Trading Down 16.7 %

The business’s 50 day simple moving average is GBX 0.08 and its two-hundred day simple moving average is GBX 0.15. The stock has a market cap of £414,841.17, a P/E ratio of -0.02 and a beta of 0.58. The company has a quick ratio of 1.37, a current ratio of 0.42 and a debt-to-equity ratio of 21.00.

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.