Ethernity Networks (LON:ENET) Reaches New 52-Week Low – Here’s Why

Shares of Ethernity Networks Ltd. (LON:ENET) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 0.11 ($0.00) and last traded at GBX 0.11 ($0.00), with a volume of 23052119 shares trading hands. The stock had previously closed at GBX 0.13 ($0.00).

Ethernity Networks Stock Performance

The stock has a market cap of £429,460.80, a P/E ratio of -3.80 and a beta of 0.58. 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 50 day simple moving average of GBX 0.15 and a 200 day simple moving average of GBX 0.39.

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.