Ethernity Networks (LON:ENET) Hits New 52-Week Low – Should You Sell?

Ethernity Networks Ltd. (LON:ENET) hit a new 52-week low on Thursday . The company traded as low as GBX 0.09 ($0.00) and last traded at GBX 0.09 ($0.00), with a volume of 21092031 shares traded. The stock had previously closed at GBX 0.10 ($0.00).

Ethernity Networks Stock Performance

The company has a market capitalization of £1.54 million, a PE ratio of -0.07 and a beta of 0.58. The business’s fifty day moving average is GBX 0.11 and its two-hundred day moving average is GBX 0.23. The company has a current ratio of 0.42, a quick ratio of 1.37 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.