Ethernity Networks (LON:ENET) Shares Down 4.3% – What’s Next?

Ethernity Networks Ltd. (LON:ENET) shares dropped 4.3% during mid-day trading on Friday . The company traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 235,872,359 shares changed hands during trading, an increase of 114% from the average daily volume of 109,971,531 shares. The stock had previously closed at GBX 0.02 ($0.00).

Ethernity Networks Stock Performance

The firm has a market cap of £331,872.94, a P/E ratio of -0.02 and a beta of 0.58. The business has a fifty day simple moving average of GBX 0.03 and a 200-day simple moving average of GBX 0.09. 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.