Adtran Networks (ETR:ADV) Trading Up 0.4% – Time to Buy?

Adtran Networks SE (ETR:ADV)’s share price was up 0.4% on Friday . The stock traded as high as €23.00 and last traded at €23.00. Approximately 2,391 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 238,171 shares. The stock had previously closed at €22.90.

Adtran Networks Stock Performance

The stock has a market capitalization of $1.19 billion, a P/E ratio of -50.77, a PEG ratio of 0.71 and a beta of 0.09. The company has a debt-to-equity ratio of 19.86, a quick ratio of 0.73 and a current ratio of 1.90. The company’s fifty day simple moving average is €22.65 and its two-hundred day simple moving average is €22.13.

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.