Enablence Technologies (CVE:ENA) Trading Up 2.9%

Enablence Technologies Inc. (CVE:ENAGet Rating)’s stock price was up 2.9% during trading on Friday . The company traded as high as C$1.40 and last traded at C$1.40. Approximately 1,300 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 1,577 shares. The stock had previously closed at C$1.36.

Enablence Technologies Trading Up 2.9 %

The company has a market cap of C$26.03 million, a P/E ratio of -0.61 and a beta of 0.07. The business’s fifty day moving average is C$1.48 and its 200 day moving average is C$1.45.

Enablence Technologies (CVE:ENAGet Rating) last posted its quarterly earnings results on Thursday, February 16th. The company reported C($0.14) EPS for the quarter. The company had revenue of C$0.57 million for the quarter.

About Enablence Technologies

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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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