Ethernity Networks (LON:ENET) Trading 23.5% Higher – Here’s Why

Ethernity Networks Ltd. (LON:ENET)’s stock price was up 23.5% during mid-day trading on Thursday . The company traded as high as GBX 0.08 ($0.00) and last traded at GBX 0.08 ($0.00). Approximately 72,404,945 shares traded hands during trading, an increase of 37% from the average daily volume of 53,009,945 shares. The stock had previously closed at GBX 0.07 ($0.00).

Ethernity Networks Trading Down 28.6 %

The stock has a market cap of £746,714.11, a PE ratio of -0.03 and a beta of 0.58. The firm has a 50-day moving average price of GBX 0.09 and a 200-day moving average price of GBX 0.18. 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.