Enablence Technologies Inc. (CVE:ENA – Get Rating)’s share price traded down 12.7% during mid-day trading on Friday . The company traded as low as C$1.31 and last traded at C$1.31. 1,200 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 1,134 shares. The stock had previously closed at C$1.50.
Enablence Technologies Stock Performance
The business has a 50-day simple moving average of C$1.51 and a two-hundred day simple moving average of C$1.49. The stock has a market cap of C$24.35 million, a price-to-earnings ratio of -0.57 and a beta of 0.08.
Enablence Technologies (CVE:ENA – Get Rating) last released its earnings results on Thursday, February 16th. The company reported C($0.14) earnings per share for the quarter. The company had revenue of C$0.57 million for the quarter.
About Enablence Technologies
Enablence Technologies Inc, together with its subsidiaries, designs, manufactures, and sells optical components and subsystems for local access topologies, metro, and long-haul markets in Canada and the United States. The company provides silica-based PLC optical chips used in both multiplexer and demultiplexer assembly applications and can support 400G and higher bandwidth speeds; and optical chips to serve CWDM-NRZ and FR4-PAM4 applications.
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