Ethernity Networks (LON:ENET) Sets New 12-Month Low – Should You Sell?

Ethernity Networks Ltd. (LON:ENET) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 0.08 ($0.00) and last traded at GBX 0.08 ($0.00), with a volume of 20854279 shares trading hands. The stock had previously closed at GBX 0.09 ($0.00).

Ethernity Networks Price Performance

The company has a 50 day simple moving average of GBX 0.11 and a 200 day simple moving average of GBX 0.22. 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 stock has a market cap of £1.36 million, a P/E ratio of -0.06 and a beta of 0.58.

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.