Calnex Solutions (LON:CLX) Stock Price Down 2.2% – Should You Sell?

Posted by ABMN Staff on Jan 9th, 2025

Calnex Solutions plc (LON:CLX – Get Free Report)’s share price traded down 2.2% on Wednesday . The stock traded as low as GBX 67 ($0.83) and last traded at GBX 68 ($0.84). 123,536 shares changed hands during mid-day trading, an increase of 39% from the average session volume of 88,658 shares. The stock had previously closed at GBX 69.50 ($0.86).

Calnex Solutions Stock Down 2.2 %

The company has a market cap of £59.54 million, a price-to-earnings ratio of 1,756.33 and a beta of 1.86. The business has a fifty day moving average of GBX 62.73 and a two-hundred day moving average of GBX 55.08. The company has a current ratio of 4.15, a quick ratio of 3.22 and a debt-to-equity ratio of 1.52.

Calnex Solutions Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, December 16th. Stockholders of record on Thursday, November 28th were paid a dividend of GBX 0.31 ($0.00) per share. This represents a dividend yield of 0.48%. The ex-dividend date was Thursday, November 28th.

About Calnex Solutions

(Get Free Report)

Calnex Solutions designs, produces and markets test and measurement instrumentation and solutions for the telecommunications and cloud computing industries. Calnex’s portfolio enables R&D, pre-deployment and in-service testing for network technologies and networked applications, enabling its customers to validate the performance of the critical infrastructure associated with telecommunications and cloud computing networks and the applications that run on it.

To date, Calnex has secured and delivered orders in 68 countries across the world.