Adtran Networks (ETR:ADV) Stock Price Down 0.1% – Here’s Why

Adtran Networks SE (ETR:ADV)’s share price dropped 0.1% during trading on Friday . The company traded as low as €19.60 ($21.54) and last traded at €19.68 ($21.63). Approximately 11,917 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 238,171 shares. The stock had previously closed at €19.70 ($21.65).

Adtran Networks Stock Performance

The firm’s 50-day moving average is €19.46 and its 200 day moving average is €19.56. The stock has a market cap of $1.02 billion, a PE ratio of -43.73, a P/E/G ratio of 0.71 and a beta of 0.46. The company has a debt-to-equity ratio of 30.03, a quick ratio of 0.73 and a current ratio of 2.34.

Adtran Networks Company Profile

Adtran Networks SE engages in the development, manufacture, and sale of optical and Ethernet-based networking solutions for telecommunications carriers and enterprises to deliver data, storage, voice, and video services. It offers open optical transport solutions, such as FSP 3000 open terminals, FSP 3000 open line systems, and pluggables and subsystems; network infrastructure assurance solutions; fiber access and aggregation solutions; and residential solutions, such as optical network terminals, mesh Wi-Fi gateways and satellites, and cloud managed Wi-Fi solutions.