Calnex Solutions (LON:CLX) Stock Price Up 9.4% – Here’s Why

Calnex Solutions plc (LON:CLX)’s share price rose 9.4% on Friday . The stock traded as high as GBX 58 and last traded at GBX 58. Approximately 155,272 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 206,559 shares. The stock had previously closed at GBX 53.

Calnex Solutions Price Performance

The company has a market cap of £51.04 million, a P/E ratio of 84.06 and a beta of 0.94. The company has a debt-to-equity ratio of 4.06, a quick ratio of 3.22 and a current ratio of 4.38. The firm’s fifty day moving average is GBX 51.46 and its two-hundred day moving average is GBX 50.16.

Calnex Solutions Company Profile

Calnex Solutions designs, produces and markets test and measurement instrumentation and solutions for the telecoms, cloud computing and defence industries. Calnex’s portfolio enables R&D, pre-deployment and in-service testing for network technologies and networked applications, enabling its customers to validate the performance of the critical infrastructure associated with telecoms and cloud computing networks and the applications that run on it.

To date, Calnex has secured and delivered orders in 68 countries across the world.