Adtran Networks (ETR:ADV) Stock Price Down 0.5% – Here’s Why

Adtran Networks SE (ETR:ADV)’s share price dropped 0.5% during trading on Tuesday . The stock traded as low as €21.80 and last traded at €21.80. Approximately 13,474 shares were traded during trading, a decline of 94% from the average daily volume of 238,171 shares. The stock had previously closed at €21.90.

Adtran Networks Stock Performance

The business has a 50 day moving average price of €21.72 and a 200 day moving average price of €21.24. The stock has a market capitalization of $1.13 billion, a PE ratio of -48.12, a PEG ratio of 0.71 and a beta of 0.46. The company has a debt-to-equity ratio of 30.03, a current ratio of 2.34 and a quick ratio of 0.73.

Adtran Networks Company Profile

Adtran Networks SE engages in the development, manufacture, and sale of optical and Ethernet-based networking solutions for telecommunications carriers and enterprises to deliver data, storage, voice, and video services. It offers open optical transport solutions, such as FSP 3000 open terminals, FSP 3000 open line systems, and pluggables and subsystems; network infrastructure assurance solutions; fiber access and aggregation solutions; and residential solutions, such as optical network terminals, mesh Wi-Fi gateways and satellites, and cloud managed Wi-Fi solutions.