Enablence Technologies Inc. (CVE:ENA – Get Free Report) shares dropped 8.3% on Friday . The stock traded as low as C$5.22 and last traded at C$5.50. 5,580 shares changed hands during trading, a decline of 46% from the average session volume of 10,338 shares. The stock had previously closed at C$6.00.
Enablence Technologies Price Performance
The company has a market cap of C$115.89 million, a P/E ratio of -4.74 and a beta of 1.06. The stock’s 50-day moving average is C$8.31 and its two-hundred day moving average is C$4.96.
Enablence Technologies Company Profile
Enablence Technologies Inc, together with its subsidiaries, designs, manufactures, and sells optical components in planar light wave circuits in Canada, China, and the United States. The company provides coarse wavelength division multiplexing optical demultiplexer and multiplexer, and LAN-wavelength division multiplexing, an optical component device. It also offers long delay lines, an optical component device used for laser locking, short-pulse lasers, and decoherence services. In addition, the company provides various customized design services.
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