Ethernity Networks (LON:ENET) Stock Price Up 18.3% – Here’s What Happened

Ethernity Networks Ltd. (LON:ENET)’s stock price rose 18.3% on Thursday . The company traded as high as GBX 0.11 ($0.00) and last traded at GBX 0.11 ($0.00). Approximately 42,772,820 shares changed hands during trading, a decline of 43% from the average daily volume of 75,622,430 shares. The stock had previously closed at GBX 0.09 ($0.00).

Ethernity Networks Trading Down 6.1 %

The business has a 50-day moving average price of GBX 0.11 and a two-hundred day moving average price of GBX 0.25. The stock has a market capitalization of £1.53 million, a P/E ratio of -0.07 and a beta of 0.58. The company has a current ratio of 0.42, a quick ratio of 1.37 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.