ADVA Optical Networking (ETR:ADV) Trading Down 0.7%

ADVA Optical Networking SE (ETR:ADV – Get Rating) fell 0.7% during mid-day trading on Monday . The company traded as low as €19.84 ($21.57) and last traded at €19.90 ($21.63). 17,544 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 238,171 shares. The stock had previously closed at €20.05 ($21.79).

Analyst Upgrades and Downgrades

Separately, Warburg Research set a €19.00 ($20.65) price target on shares of ADVA Optical Networking in a research report on Thursday, February 23rd.

ADVA Optical Networking Stock Down 0.5 %

The business has a fifty day moving average of €20.77 and a 200 day moving average of €21.53. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 56.86, a P/E/G ratio of 0.71 and a beta of 0.65. The company has a debt-to-equity ratio of 21.03, a current ratio of 1.56 and a quick ratio of 0.73.

ADVA Optical Networking Company Profile

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ADVA Optical Networking SE engages in the development, manufacture, and sale of optical and Ethernet-based networking solutions to deliver data, storage, voice, and video services worldwide. It offers open optical transport solutions, such as FSP 3000 open terminals, FSP 3000 open line systems, pluggables and subsystems, and optical access solutions; packet edge and aggregation products, including carrier Ethernet and programmable multilayer edge, metro aggregation, and edge computing products; disaggregated networking, such as packet optical terminals and ensemble activators.