Enablence Technologies (CVE:ENA) Reaches New 52-Week High – Still a Buy?

Enablence Technologies Inc. (CVE:ENAGet Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$2.70 and last traded at C$2.70, with a volume of 2014 shares changing hands. The stock had previously closed at C$1.85.

Enablence Technologies Stock Down 25.9 %

The company has a 50 day moving average price of C$1.50 and a 200-day moving average price of C$1.45. The company has a market cap of C$37.18 million, a price-to-earnings ratio of -2.38 and a beta of 0.49.

Enablence Technologies (CVE:ENAGet Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported C($0.35) earnings per share (EPS) for the quarter. The firm had revenue of C$0.85 million during the quarter.

About Enablence Technologies

(Get Free Report)

Enablence Technologies Inc, together with its subsidiaries, designs, manufactures, and sells optical components in planar light wave circuits in Canada, China, and the United States. The company provides coarse wavelength division multiplexing optical demultiplexer and multiplexer, and LAN-wavelength division multiplexing, an optical component device.

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