Ethernity Networks (LON:ENET) Reaches New 12-Month Low – Time to Sell?

Shares of Ethernity Networks Ltd. (LON:ENET) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 0.11 ($0.00) and last traded at GBX 0.13 ($0.00), with a volume of 111964086 shares changing hands. The stock had previously closed at GBX 0.14 ($0.00).

Ethernity Networks Stock Down 3.7 %

The company has a market capitalization of £489,736.00, a price-to-earnings ratio of -4.33 and a beta of 0.58. The business has a fifty day simple moving average of GBX 0.21 and a two-hundred day simple moving average of GBX 0.49. The company has a quick ratio of 1.37, a current ratio of 0.42 and a debt-to-equity ratio of 21.00.

About Ethernity Networks

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.