Adtran Networks (ETR:ADV) Trading Down 0.2% - Here's Why

Adtran Networks SE (ETR:ADV - Get Free Report)'s share price was down 0.2% during mid-day trading on Tuesday . The stock traded as low as €20.15 ($22.14) and last traded at €20.15 ($22.14). Approximately 14,759 shares were traded during trading, a decline of 94% from the average daily volume of 238,171 shares. The stock had previously closed at €20.20 ($22.20).

Adtran Networks Stock Performance

The firm's fifty day moving average price is €20.15 and its 200 day moving average price is €19.88. The company has a current ratio of 2.34, a quick ratio of 0.73 and a debt-to-equity ratio of 30.03. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -44.59, a price-to-earnings-growth ratio of 0.71 and a beta of 0.46.

About Adtran Networks

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.