Ethernity Networks (LON:ENET) Reaches New 1-Year Low – What’s Next?

Ethernity Networks Ltd. (LON:ENETGet Free Report)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 0.15 ($0.00) and last traded at GBX 0.17 ($0.00), with a volume of 20615307 shares. The stock had previously closed at GBX 0.17 ($0.00).

Ethernity Networks Price Performance

The business has a 50-day simple moving average of GBX 0.33 and a 200 day simple moving average of GBX 0.58. The firm has a market cap of £629,122.40, a P/E ratio of -5.57 and a beta of 0.58. The company has a debt-to-equity ratio of 21.00, a quick ratio of 1.37 and a current ratio of 0.42.

About Ethernity Networks

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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.

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