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Adtran Networks (ETR:ADV) Trading 0.2% Higher - Time to Buy?

Adtran Networks logo with Computer and Technology background

Adtran Networks SE (ETR:ADV - Get Free Report)'s share price rose 0.2% during mid-day trading on Tuesday . The stock traded as high as €20.10 ($20.72) and last traded at €20.10 ($20.72). Approximately 9,066 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 238,171 shares. The stock had previously closed at €20.05 ($20.67).

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 stock's 50-day moving average is €19.98 and its 200-day moving average is €19.62. The firm has a market cap of $1.05 billion, a P/E ratio of -44.67, a price-to-earnings-growth ratio of 0.71 and a beta of 0.46.

About Adtran Networks

(Get Free Report)

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.

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