Calnex Solutions (LON:CLX) Stock Price Down 5.4% – Time to Sell?

Calnex Solutions plc (LON:CLX) dropped 5.4% during mid-day trading on Tuesday . The stock traded as low as GBX 52 ($0.67) and last traded at GBX 52.50 ($0.68). Approximately 79,685 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 86,828 shares. The stock had previously closed at GBX 55.50 ($0.72).

Calnex Solutions Price Performance

The company’s fifty day simple moving average is GBX 53.10 and its 200-day simple moving average is GBX 52.05. The company has a debt-to-equity ratio of 1.52, a current ratio of 4.15 and a quick ratio of 3.22. The firm has a market capitalization of £47.72 million, a PE ratio of 1,756.33 and a beta of 1.86.

Insiders Place Their Bets

In other news, insider Graeme Bissett purchased 39,299 shares of the business’s stock in a transaction on Friday, October 4th. The shares were acquired at an average cost of GBX 51 ($0.66) per share, with a total value of £20,042.49 ($25,992.08). Corporate insiders own 25.23% of the company’s stock.

Calnex Solutions Company Profile

Calnex Solutions plc designs, produces, and markets test instrumentation and solutions for network synchronization, and network emulation for telecoms networks, enterprise networks, and data centers in the Americas, North Asia, and internationally. The company offers Calnex SNE-X, a solution for the problem of ethernet testing; Paragon-neo, a platform that provides PTP and SyncE testing to 400GbE and sub-nanosecond accuracy for 5G networks; Paragon-X, a solution to test SyncE, PTP, and NTP mechanisms, as well as E1/T1 sync interfaces and ethernet OAM; Sentinel, a field solution for 3G/4G/5G mobile backhaul, E911/critical infrastructure, financial networks, and power comms; SNE Ignite, a network emulation for 5G O-RAN; Sentry, a solution for remotely monitoring multiple NTP, PTP, and clock signals in data center networks; Calnex SNE, a solution for network emulation and simulation; and NE-ONE, a performance test application for realistic networks, including LAN, WAN, Internet, Cloud, Wi-Fi, (A)DSL, mobile, and satellite to verify application performance.