EnSilica (LON:ENSI) Trading Down 2.2% – Should You Sell?

EnSilica plc (LON:ENSIGet Free Report)’s stock price was down 2.2% during mid-day trading on Thursday . The stock traded as low as GBX 88 and last traded at GBX 88. 365,122 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 835,581 shares. The stock had previously closed at GBX 90.

EnSilica Stock Down 2.2%

The company has a debt-to-equity ratio of 45.39, a quick ratio of 3.18 and a current ratio of 0.79. The business has a 50 day simple moving average of GBX 99.37 and a 200-day simple moving average of GBX 67.56. The firm has a market capitalization of £103.73 million, a price-to-earnings ratio of -37.61 and a beta of 0.93.

EnSilica Company Profile

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EnSilica is a leading designer and supplier of mixed signal ASICs (Application Specific Integrated Circuit). ASICs are tailor-made circuits or semiconductor chips developed for a particular use or product rather than for general purpose usage. ASICs are in high demand from companies operating across a range of high-tech growth markets as they help differentiate and enhance products through optimised hardware, giving businesses a competitive edge and improving supply chain security. EnSilica specialises in designing mixed signal ASICs which combine digital and analogue functions onto a single chip.

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