Calnex Solutions (LON:CLX) Stock Price Up 1.5% - Still a Buy?

Calnex Solutions plc (LON:CLX - Get Free Report) shares rose 1.5% on Tuesday . The company traded as high as GBX 66 ($0.83) and last traded at GBX 66 ($0.83). Approximately 268,411 shares were traded during mid-day trading, an increase of 212% from the average daily volume of 85,968 shares. The stock had previously closed at GBX 65 ($0.82).

Calnex Solutions Stock Performance

The company has a debt-to-equity ratio of 1.52, a quick ratio of 3.22 and a current ratio of 4.15. The firm's 50-day moving average price is GBX 58.86 and its two-hundred day moving average price is GBX 53.39. The stock has a market cap of £56.04 million, a price-to-earnings ratio of 1,756.33 and a beta of 1.86.

Calnex Solutions Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, December 16th. Shareholders of record on Thursday, November 28th were paid a dividend of GBX 0.31 ($0.00) per share. The ex-dividend date of this dividend was Thursday, November 28th. This represents a yield of 0.48%.

Insider Transactions at Calnex Solutions

In other news, insider Graeme Bissett purchased 39,299 shares of the firm's stock in a transaction on Friday, October 4th. The shares were bought at an average cost of GBX 51 ($0.64) per share, for a total transaction of £20,042.49 ($25,198.00). Company insiders own 25.23% of the company's stock.

Calnex Solutions Company Profile

Calnex Solutions plc designs, produces, and markets test instrumentation and solutions for network synchronization, and network emulation for telecoms networks, enterprise networks, and data centers in the Americas, North Asia, and internationally. The company offers Calnex SNE-X, a solution for the problem of ethernet testing; Paragon-neo, a platform that provides PTP and SyncE testing to 400GbE and sub-nanosecond accuracy for 5G networks; Paragon-X, a solution to test SyncE, PTP, and NTP mechanisms, as well as E1/T1 sync interfaces and ethernet OAM; Sentinel, a field solution for 3G/4G/5G mobile backhaul, E911/critical infrastructure, financial networks, and power comms; SNE Ignite, a network emulation for 5G O-RAN; Sentry, a solution for remotely monitoring multiple NTP, PTP, and clock signals in data center networks; Calnex SNE, a solution for network emulation and simulation; and NE-ONE, a performance test application for realistic networks, including LAN, WAN, Internet, Cloud, Wi-Fi, (A)DSL, mobile, and satellite to verify application performance.