Ethernity Networks (LON:ENET) Shares Up 16.7% – Still a Buy?

Ethernity Networks Ltd. (LON:ENET)’s share price shot up 16.7% during mid-day trading on Monday . The stock traded as high as GBX 0.01 and last traded at GBX 0.01. 1,066,939,375 shares traded hands during trading, an increase of 625% from the average session volume of 147,084,234 shares. The stock had previously closed at GBX 0.01.

Ethernity Networks Price Performance

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 business has a 50-day moving average of GBX 0.01 and a 200 day moving average of GBX 0.02. The firm has a market capitalization of £70,000.00, a PE ratio of -0.01 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.