Adtran Networks (ETR:ADV) Trading Up 0.5% - Time to Buy?

Key Points

• Adtran Networks SE stock increased by 0.5%, reaching €21.60 ($25.41) during mid-day trading, although the trading volume was significantly below average.
• The company has a market cap of $1.12 billion and a debt-to-equity ratio of 30.03, indicating a relatively high level of leverage.
• Adtran specializes in developing and manufacturing optical and Ethernet-based networking solutions for telecommunications and enterprise markets.

Adtran Networks SE (ETR:ADV - ) rose 0.5% during mid-day trading on Friday . The stock traded as high as €21.60 ($25.41) and last traded at €21.60 ($25.41). Approximately 1,432 shares traded hands during trading, a decline of 99% from the average daily volume of 238,171 shares. The stock had previously closed at €21.50 ($25.29).

Adtran Networks Trading Up 0.5%

The company has a fifty day simple moving average of €21.03 and a 200-day simple moving average of €20.63. The company has a current ratio of 2.34, a quick ratio of 0.73 and a debt-to-equity ratio of 30.03. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -47.68, 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.

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