Adtran Networks (ETR:ADV) Trading Up 0.3% – Time to Buy?

Adtran Networks SE (ETR:ADV)’s share price traded up 0.3% during mid-day trading on Tuesday . The company traded as high as €19.90 ($20.95) and last traded at €19.90 ($20.95). 17,026 shares were traded during mid-day trading, a decline of 93% from the average session volume of 238,171 shares. The stock had previously closed at €19.84 ($20.88).

Adtran Networks Price Performance

The firm’s fifty day simple moving average is €19.60 and its 200 day simple moving average is €19.55. The company has a current ratio of 2.34, a quick ratio of 0.73 and a debt-to-equity ratio of 30.03. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -44.22, a PEG ratio of 0.71 and a beta of 0.46.

Adtran Networks Company Profile

Adtran Networks SE engages in the development, manufacture, and sale of optical and Ethernet-based networking solutions for telecommunications carriers and enterprises to deliver data, storage, voice, and video services. It offers open optical transport solutions, such as FSP 3000 open terminals, FSP 3000 open line systems, and pluggables and subsystems; network infrastructure assurance solutions; fiber access and aggregation solutions; and residential solutions, such as optical network terminals, mesh Wi-Fi gateways and satellites, and cloud managed Wi-Fi solutions.