Ethernity Networks (LON:ENET) Shares Down 16.7% – Here’s What Happened

Shares of Ethernity Networks Ltd. (LON:ENET) dropped 16.7% during trading on Thursday . The stock traded as low as GBX 0.02 ($0.00) and last traded at GBX 0.02 ($0.00). Approximately 72,438,727 shares changed hands during trading, a decline of 51% from the average daily volume of 148,156,281 shares. The stock had previously closed at GBX 0.02 ($0.00).

Ethernity Networks Stock Down 11.1%

The company has a debt-to-equity ratio of 21.00, a current ratio of 0.42 and a quick ratio of 1.37. The company’s fifty day simple moving average is GBX 0.02 and its 200-day simple moving average is GBX 0.02. The firm has a market capitalization of £160,000.00, a PE ratio of -1.60 and a beta of 0.58.

Ethernity Networks Company Profile

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.