Enablence Technologies Inc. (CVE:ENA – Get Free Report) shares fell 7.2% during trading on Friday. The stock traded as low as C$5.56 and last traded at C$5.66. 4,367 shares traded hands during trading, a decline of 50% from the average daily volume of 8,802 shares. The stock had previously closed at C$6.10.
Enablence Technologies Price Performance
The company’s 50-day moving average price is C$7.00 and its two-hundred day moving average price is C$6.83. The company has a market capitalization of C$137.52 million, a price-to-earnings ratio of -4.88 and a beta of 0.33.
About Enablence Technologies
Enablence Technologies Inc, together with its subsidiaries, designs, manufactures, and sells optical components in planar light wave circuits in Canada, China, and the United States. The company provides coarse wavelength division multiplexing optical demultiplexer and multiplexer, and LAN-wavelength division multiplexing, an optical component device. It also offers long delay lines, an optical component device used for laser locking, short-pulse lasers, and decoherence services. In addition, the company provides various customized design services.
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