Ethernity Networks (LON:ENET) Trading 20% Higher – Still a Buy?

Ethernity Networks Ltd. (LON:ENET) shares rose 20% during trading on Tuesday . The stock traded as high as GBX 0.01 and last traded at GBX 0.01. Approximately 568,256,875 shares were traded during trading, an increase of 274% from the average daily volume of 152,095,156 shares. The stock had previously closed at GBX 0.01.

Ethernity Networks Price Performance

The company has a fifty day moving average of GBX 0.01 and a 200-day moving average of GBX 0.01. 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 stock has a market cap of £50,000.00, a PE ratio of -0.01 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.