Ethernity Networks (LON:ENET) Shares Down 16.7% – Time to Sell?

Ethernity Networks Ltd. (LON:ENET) shares dropped 16.7% during mid-day trading on Wednesday . The company traded as low as GBX 0.01 and last traded at GBX 0.01. Approximately 1,757,853,500 shares traded hands during mid-day trading, an increase of 325% from the average daily volume of 413,910,844 shares. The stock had previously closed at GBX 0.01.

Ethernity Networks Price Performance

The stock has a 50 day moving average price of GBX 0.01 and a 200 day moving average price of GBX 0.01. The stock has a market capitalization of £60,000.00, a price-to-earnings ratio of -0.01 and a beta of 0.58. The company has a quick ratio of 1.37, a current ratio of 0.42 and a debt-to-equity ratio of 21.00.

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.