Ethernity Networks (LON:ENET) Shares Up 2.9% – Should You Buy?

Ethernity Networks Ltd. (LON:ENET)’s stock price rose 2.9% on Friday . The company traded as high as GBX 0.11 ($0.00) and last traded at GBX 0.11 ($0.00). Approximately 25,914,365 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 107,161,680 shares. The stock had previously closed at GBX 0.11 ($0.00).

Ethernity Networks Stock Up 9.5 %

The firm has a market cap of £433,228.00, a P/E ratio of -3.83 and a beta of 0.58. The firm’s 50 day moving average is GBX 0.12 and its two-hundred day moving average is GBX 0.31. 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.