Calnex Solutions (LON:CLX) Shares Down 0.8% – Time to Sell?

Calnex Solutions plc (LON:CLX)’s stock price dropped 0.8% during mid-day trading on Thursday . The stock traded as low as GBX 65 ($0.81) and last traded at GBX 65 ($0.81). Approximately 358,068 shares changed hands during trading, an increase of 215% from the average daily volume of 113,682 shares. The stock had previously closed at GBX 65.50 ($0.81).

Calnex Solutions Stock Performance

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 stock has a market capitalization of £57.79 million, a PE ratio of 1,756.33 and a beta of 1.86. The firm has a fifty day moving average price of GBX 66.12 and a two-hundred day moving average price of GBX 57.57.

Calnex Solutions (LON:CLX) last released its earnings results on Tuesday, November 19th. The company reported GBX (1.13) (($0.01)) earnings per share for the quarter. Calnex Solutions had a return on equity of 0.15% and a net margin of 0.25%. Research analysts expect that Calnex Solutions plc will post 0.3596909 EPS for the current year.

Calnex Solutions Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, December 16th. Shareholders of record on Thursday, November 28th were given a dividend of GBX 0.31 ($0.00) per share. This represents a yield of 0.48%. The ex-dividend date of this dividend was Thursday, November 28th.

Calnex Solutions Company Profile

Calnex Solutions designs, produces and markets test and measurement instrumentation and solutions for the telecommunications and cloud computing industries. Calnex’s portfolio enables R&D, pre-deployment and in-service testing for network technologies and networked applications, enabling its customers to validate the performance of the critical infrastructure associated with telecommunications and cloud computing networks and the applications that run on it.

To date, Calnex has secured and delivered orders in 68 countries across the world.