Adtran Networks (ETR:ADV) Shares Down 0.4% – Here’s What Happened

Shares of Adtran Networks SE (ETR:ADV) dropped 0.4% during mid-day trading on Wednesday . The stock traded as low as €22.30 and last traded at €22.40. Approximately 24,340 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 238,171 shares. The stock had previously closed at €22.50.

Adtran Networks Stock Down 0.4%

The company has a quick ratio of 0.73, a current ratio of 1.90 and a debt-to-equity ratio of 19.86. The stock’s 50-day simple moving average is €22.23 and its 200 day simple moving average is €21.83. The firm has a market cap of $1.16 billion, a P/E ratio of -49.45, a PEG ratio of 0.71 and a beta of 0.09.

About Adtran Networks

Adtran Networks SE engages in the development, manufacture, and sale of optical and Ethernet-based networking solutions for telecommunications carriers and enterprises to deliver data, storage, voice, and video services. It offers open optical transport solutions, such as FSP 3000 open terminals, FSP 3000 open line systems, and pluggables and subsystems; network infrastructure assurance solutions; fiber access and aggregation solutions; and residential solutions, such as optical network terminals, mesh Wi-Fi gateways and satellites, and cloud managed Wi-Fi solutions.