Adtran Networks (ETR:ADV) Shares Down 0.5% - What's Next?

Adtran Networks SE (ETR:ADV - Get Free Report) was down 0.5% on Tuesday . The company traded as low as €20.05 ($20.89) and last traded at €20.10 ($20.94). Approximately 30,118 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 238,171 shares. The stock had previously closed at €20.20 ($21.04).

Adtran Networks Price Performance

The company has a quick ratio of 0.73, a current ratio of 2.34 and a debt-to-equity ratio of 30.03. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -44.37, a P/E/G ratio of 0.71 and a beta of 0.46. The company has a fifty day moving average price of €20.06 and a two-hundred day moving average price of €19.71.

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.