Ethernity Networks (LON:ENET) Trading Up 10.3% – Here’s What Happened

Ethernity Networks Ltd. (LON:ENET) shares rose 10.3% during mid-day trading on Thursday . The company traded as high as GBX 0.27 ($0.00) and last traded at GBX 0.27 ($0.00). Approximately 64,881,652 shares traded hands during mid-day trading, an increase of 206% from the average daily volume of 21,177,141 shares. The stock had previously closed at GBX 0.24 ($0.00).

Ethernity Networks Trading Up 7.0 %

The company has a current ratio of 0.42, a quick ratio of 1.37 and a debt-to-equity ratio of 21.00. The business’s fifty day simple moving average is GBX 0.40 and its two-hundred day simple moving average is GBX 0.63. The stock has a market capitalization of £979,472.00, a P/E ratio of -8.00 and a beta of 0.58.

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.