Adtran Networks (ETR:ADV) Stock Price Down 0.5% - Here's What Happened

Key Points

• Adtran Networks SE shares decreased by 0.5%, closing at €20.80 ($24.19) amid a significant drop in trading volume, with only 7,269 shares exchanged compared to an average of 238,171.
• The company has a market capitalization of $1.08 billion and a P/E ratio of -45.92, which may raise concerns regarding its valuation.
• Adtran specializes in developing networking solutions for telecommunications, including optical and Ethernet technologies for data and voice services.

Adtran Networks SE (ETR:ADV - Get Free Report) shares traded down 0.5% during mid-day trading on Monday . The stock traded as low as €20.80 ($24.47) and last traded at €20.80 ($24.47). 7,269 shares traded hands during trading, a decline of 97% from the average session volume of 238,171 shares. The stock had previously closed at €20.90 ($24.59).

Adtran Networks Stock 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's 50 day simple moving average is €20.65 and its 200-day simple moving average is €20.41. The company has a market capitalization of $1.08 billion, a PE ratio of -45.92, a P/E/G 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.