Ethernity Networks (LON:ENET) Reaches New 52-Week Low – Here’s Why

Ethernity Networks Ltd. (LON:ENET) shares reached a new 52-week low on Thursday . The stock traded as low as GBX 0.14 ($0.00) and last traded at GBX 0.14 ($0.00), with a volume of 30166922 shares changing hands. The stock had previously closed at GBX 0.16 ($0.00).

Ethernity Networks Trading Down 9.5 %

The company has a quick ratio of 1.37, a current ratio of 0.42 and a debt-to-equity ratio of 21.00. The stock has a market capitalization of £538,709.60, a P/E ratio of -5.27 and a beta of 0.58. The firm’s 50 day simple moving average is GBX 0.25 and its two-hundred day simple moving average is GBX 0.53.

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.