Adtran Networks (ETR:ADV) Shares Down 0.5% – What’s Next?

Adtran Networks SE (ETR:ADV)’s stock price fell 0.5% during mid-day trading on Tuesday . The stock traded as low as €20.05 ($21.11) and last traded at €20.10 ($21.16). 30,118 shares traded hands during trading, a decline of 87% from the average session volume of 238,171 shares. The stock had previously closed at €20.20 ($21.26).

Adtran Networks Price Performance

The company has a market cap of $1.04 billion, a PE ratio of -44.37, a price-to-earnings-growth ratio of 0.71 and a beta of 0.46. The stock has a fifty day moving average price of €20.04 and a 200-day moving average price of €19.69. The company has a debt-to-equity ratio of 30.03, a current ratio of 2.34 and a quick ratio of 0.73.

Adtran Networks Company Profile

Adtran Networks SE engages in the development, manufacture, and sale of optical and Ethernet-based networking solutions for telecommunications carriers and enterprises to deliver data, storage, voice, and video services. It offers open optical transport solutions, such as FSP 3000 open terminals, FSP 3000 open line systems, and pluggables and subsystems; network infrastructure assurance solutions; fiber access and aggregation solutions; and residential solutions, such as optical network terminals, mesh Wi-Fi gateways and satellites, and cloud managed Wi-Fi solutions.