Calnex Solutions (LON:CLX) Stock Price Down 1.1% – Should You Sell?

Calnex Solutions plc (LON:CLX) fell 1.1% during mid-day trading on Friday . The stock traded as low as GBX 42 ($0.54) and last traded at GBX 43 ($0.55). 44,543 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 81,681 shares. The stock had previously closed at GBX 43.50 ($0.56).

Calnex Solutions Trading Down 1.1 %

The stock has a market cap of £38.21 million, a PE ratio of 951.33 and a beta of 1.86. The stock’s fifty day moving average price is GBX 55.59 and its 200 day moving average price is GBX 58.57. The company has a quick ratio of 3.22, a current ratio of 4.15 and a debt-to-equity ratio of 1.52.

Insider Buying and Selling at Calnex Solutions

In other news, insider Helen Kelisky purchased 20,202 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of GBX 50 ($0.64) per share, for a total transaction of £10,101 ($13,025.15). Company insiders own 25.23% of the company’s stock.

Calnex Solutions Company Profile

Calnex Solutions designs, produces and markets test and measurement instrumentation and solutions for the telecommunications and cloud computing industries. Calnex’s portfolio enables R&D, pre-deployment and in-service testing for network technologies and networked applications, enabling its customers to validate the performance of the critical infrastructure associated with telecommunications and cloud computing networks and the applications that run on it.

To date, Calnex has secured and delivered orders in 68 countries across the world.