Adtran Networks (ETR:ADV) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Adtran Networks SE (ETR:ADV) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of €22.40 and traded as high as €22.70. Adtran Networks shares last traded at €22.70, with a volume of 10,656 shares trading hands.

Adtran Networks Price Performance

The stock has a fifty day moving average of €22.40 and a two-hundred day moving average of €21.96. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -50.11, a price-to-earnings-growth ratio of 0.71 and a beta of 0.09. The company has a quick ratio of 0.73, a current ratio of 1.90 and a debt-to-equity ratio of 19.86.

About Adtran Networks

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.