Ethernity Networks (LON:ENET) Shares Up 7.7% – Time to Buy?

Shares of Ethernity Networks Ltd. (LON:ENET) rose 7.7% during trading on Friday . The stock traded as high as GBX 0.08 ($0.00) and last traded at GBX 0.08 ($0.00). Approximately 21,672,100 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 59,907,020 shares. The stock had previously closed at GBX 0.08 ($0.00).

Ethernity Networks Trading Down 3.8 %

The company’s 50 day simple moving average is GBX 0.10 and its 200 day simple moving average is GBX 0.22. The company has a debt-to-equity ratio of 21.00, a current ratio of 0.42 and a quick ratio of 1.37. The firm has a market cap of £1.24 million, a price-to-earnings ratio of -0.06 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.