Ethernity Networks (LON:ENET) Shares Down 14.3% – Time to Sell?

Ethernity Networks Ltd. (LON:ENET) shares dropped 14.3% on Tuesday . The stock traded as low as GBX 0.01 and last traded at GBX 0.01. Approximately 1,752,503,125 shares changed hands during trading, an increase of 32% from the average daily volume of 1,327,589,000 shares. The stock had previously closed at GBX 0.01.

Ethernity Networks Price Performance

The firm has a 50-day moving average of GBX 0.01 and a 200-day moving average of GBX 0.01. The company has a debt-to-equity ratio of 21.00, a quick ratio of 1.37 and a current ratio of 0.42. The firm has a market capitalization of £60,000.00, a P/E ratio of -0.01 and a beta of 0.58.

About Ethernity Networks

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.