Ethernity Networks (LON:ENET) Stock Price Down 16% – What’s Next?

Ethernity Networks Ltd. (LON:ENET)’s share price fell 16% during trading on Friday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). 181,206,922 shares traded hands during trading, an increase of 6% from the average session volume of 170,524,547 shares. The stock had previously closed at GBX 0.03 ($0.00).

Ethernity Networks Trading Down 12.0%

The company has a fifty day moving average of GBX 0.02 and a two-hundred day moving average of GBX 0.05. The company has a quick ratio of 1.37, a current ratio of 0.42 and a debt-to-equity ratio of 21.00. The stock has a market capitalization of £365,060.23, a price-to-earnings ratio of -0.02 and a beta of 0.58.

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.