Ethernity Networks (LON:ENET) Trading 14.3% Higher – What’s Next?

Ethernity Networks Ltd. (LON:ENET) shares were up 14.3% during mid-day trading on Tuesday . The company traded as high as GBX 0.01 and last traded at GBX 0.01. Approximately 38,416,820 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 145,525,219 shares. The stock had previously closed at GBX 0.01.

Ethernity Networks Price Performance

The firm has a market cap of £70,000.00, a PE ratio of -0.01 and a beta of 0.58. The stock’s fifty day moving average price is GBX 0.01 and its 200-day moving average price is GBX 0.02. The company has a debt-to-equity ratio of 21.00, a quick ratio of 1.37 and a current ratio of 0.42.

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.