Ethernity Networks (LON:ENET) Trading 25% Higher – Still a Buy?

Ethernity Networks Ltd. (LON:ENET) was up 25% during trading on Friday . The stock traded as high as GBX 0.01 and last traded at GBX 0.01. Approximately 2,147,000,000 shares were traded during trading, an increase of 394% from the average daily volume of 434,226,219 shares. The stock had previously closed at GBX 0.

Ethernity Networks Stock Performance

The stock’s 50 day moving average price is GBX 0.01 and its two-hundred day moving average price is GBX 0.01. The company has a current ratio of 0.42, a quick ratio of 1.37 and a debt-to-equity ratio of 21.00. The firm has a market capitalization of £50,000.00, a price-to-earnings 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.