Ethernity Networks (LON:ENET) Shares Down 7.1% – Here’s Why

Ethernity Networks Ltd. (LON:ENET) shares fell 7.1% during mid-day trading on Monday . The stock traded as low as GBX 0.12 ($0.00) and last traded at GBX 0.13 ($0.00). 73,422,602 shares traded hands during mid-day trading, an increase of 178% from the average session volume of 26,451,818 shares. The stock had previously closed at GBX 0.14 ($0.00).

Ethernity Networks Stock Performance

The company has a fifty day moving average of GBX 0.18 and a two-hundred day moving average of GBX 0.44. The stock has a market capitalization of £459,598.40, a P/E ratio of -4.00 and a beta of 0.58. The company has a debt-to-equity ratio of 21.00, a current ratio of 0.42 and a quick ratio of 1.37.

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.