Calnex Solutions (LON:CLX) Stock Price Down 7.7% - Time to Sell?

Key Points

• Calnex Solutions plc saw its share price drop by 7.7% on Monday, trading at GBX 60 ($0.80) after closing at GBX 65 ($0.87).
• The stock experienced a 34% increase in trading volume, with 129,822 shares exchanged during mid-day trading compared to the average volume of 96,711 shares.
• Calnex Solutions operates in the telecoms and cloud computing industries, offering test and measurement instruments and solutions delivered in 68 countries worldwide.

Calnex Solutions plc (LON:CLX - )'s share price traded down 7.7% on Monday . The stock traded as low as GBX 60 ($0.80) and last traded at GBX 60 ($0.80). 129,822 shares changed hands during mid-day trading, an increase of 34% from the average session volume of 96,711 shares. The stock had previously closed at GBX 65 ($0.87).

Calnex Solutions Trading Down 9.2%

The company has a 50 day simple moving average of GBX 54.84 and a 200 day simple moving average of GBX 51.33. 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 £51.86 million, a PE ratio of 16,388.89 and a beta of 1.86.

Calnex Solutions Company Profile

Calnex Solutions designs, produces and markets test and measurement instrumentation and solutions for the telecoms 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 telecoms 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.