EnSilica (LON:ENSI) Shares Down 4.5% – Time to Sell?

EnSilica plc (LON:ENSIGet Free Report)’s share price fell 4.5% during trading on Tuesday . The company traded as low as GBX 111 and last traded at GBX 112.68. 3,612,058 shares changed hands during trading, an increase of 355% from the average session volume of 793,247 shares. The stock had previously closed at GBX 118.

EnSilica Price Performance

The company has a quick ratio of 3.18, a current ratio of 0.79 and a debt-to-equity ratio of 45.39. The firm has a market capitalization of £144.75 million, a P/E ratio of -52.48 and a beta of 0.81. The business’s 50 day moving average is GBX 60.56 and its 200-day moving average is GBX 49.71.

About EnSilica

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EnSilica is a leading designer and supplier of mixed signal ASICs (Application Specific Integrated Circuit). ASICs are tailor-made circuits or semiconductor chips developed for a particular use or product rather than for general purpose usage. ASICs are in high demand from companies operating across a range of high-tech growth markets as they help differentiate and enhance products through optimised hardware, giving businesses a competitive edge and improving supply chain security. EnSilica specialises in designing mixed signal ASICs which combine digital and analogue functions onto a single chip.

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