Adtran Networks (ETR:ADV) Trading Down 0.5% – What’s Next?

Adtran Networks SE (ETR:ADV)’s share price was down 0.5% during mid-day trading on Tuesday . The company traded as low as €21.80 and last traded at €21.80. Approximately 13,474 shares were traded during trading, a decline of 94% from the average daily volume of 238,171 shares. The stock had previously closed at €21.90.

Adtran Networks Price Performance

The company has a debt-to-equity ratio of 30.03, a current ratio of 2.34 and a quick ratio of 0.73. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -48.12, a PEG ratio of 0.71 and a beta of 0.46. The business’s fifty day simple moving average is €21.73 and its 200 day simple moving average is €21.24.

Adtran Networks Company Profile

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.