Calnex Solutions (LON:CLX) Shares Down 2.2% - Here's What Happened

Calnex Solutions plc (LON:CLX - Get Free Report) traded down 2.2% during mid-day trading on Wednesday . The stock traded as low as GBX 67 ($0.82) and last traded at GBX 68 ($0.84). 123,536 shares traded hands during trading, an increase of 39% from the average session volume of 88,658 shares. The stock had previously closed at GBX 69.50 ($0.86).

Calnex Solutions Trading Down 0.5 %

The firm has a 50-day moving average of GBX 63.04 and a 200 day moving average of GBX 55.21. The company has a current ratio of 4.15, a quick ratio of 3.22 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of £59.65 million, a price-to-earnings ratio of 1,756.33 and a beta of 1.86.

Calnex Solutions Cuts Dividend

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

About Calnex Solutions

Calnex Solutions designs, produces and markets test and measurement instrumentation and solutions for the telecommunications and cloud computing industries. Calnex's portfolio enables R&D, pre-deployment and in-service testing for network technologies and networked applications, enabling its customers to validate the performance of the critical infrastructure associated with telecommunications and cloud computing networks and the applications that run on it. To date, Calnex has secured and delivered orders in 68 countries across the world.