Ethernity Networks (LON:ENET) Shares Down 10.6% – Here’s What Happened

Ethernity Networks Ltd. (LON:ENET) shares dropped 10.6% during mid-day trading on Tuesday . The company traded as low as GBX 0.11 ($0.00) and last traded at GBX 0.11 ($0.00). Approximately 11,587,177 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 26,418,541 shares. The stock had previously closed at GBX 0.12 ($0.00).

Ethernity Networks Price Performance

The company has a market capitalization of £399,323.20, a P/E ratio of -3.53 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. The firm’s 50-day moving average is GBX 0.14 and its 200-day moving average is GBX 0.38.

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.