Calnex Solutions (LON:CLX) Trading Up 1.5% – Here’s Why

Calnex Solutions plc (LON:CLX)’s stock price was up 1.5% during trading on Tuesday . The stock traded as high as GBX 66 ($0.82) and last traded at GBX 66 ($0.82). Approximately 268,411 shares changed hands during trading, an increase of 212% from the average daily volume of 85,968 shares. The stock had previously closed at GBX 65 ($0.81).

Calnex Solutions Stock Performance

The stock’s 50 day moving average is GBX 59.09 and its two-hundred day moving average is GBX 53.47. The firm has a market capitalization of £56.04 million, a P/E ratio of 1,756.33 and a beta of 1.86. The company has a debt-to-equity ratio of 1.52, a current ratio of 4.15 and a quick ratio of 3.22.

Calnex Solutions Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, December 16th. Stockholders of record on Thursday, November 28th were paid a GBX 0.31 ($0.00) dividend. This represents a dividend yield of 0.48%. The ex-dividend date was Thursday, November 28th.

Insider Buying and Selling

In other Calnex Solutions news, insider Graeme Bissett bought 39,299 shares of Calnex Solutions stock in a transaction on Friday, October 4th. The shares were purchased at an average cost of GBX 51 ($0.64) per share, for a total transaction of £20,042.49 ($25,049.98). 25.23% of the stock is owned by insiders.

Calnex Solutions Company Profile

Calnex Solutions plc designs, produces, and markets test instrumentation and solutions for network synchronization, and network emulation for telecoms networks, enterprise networks, and data centers in the Americas, North Asia, and internationally. The company offers Calnex SNE-X, a solution for the problem of ethernet testing; Paragon-neo, a platform that provides PTP and SyncE testing to 400GbE and sub-nanosecond accuracy for 5G networks; Paragon-X, a solution to test SyncE, PTP, and NTP mechanisms, as well as E1/T1 sync interfaces and ethernet OAM; Sentinel, a field solution for 3G/4G/5G mobile backhaul, E911/critical infrastructure, financial networks, and power comms; SNE Ignite, a network emulation for 5G O-RAN; Sentry, a solution for remotely monitoring multiple NTP, PTP, and clock signals in data center networks; Calnex SNE, a solution for network emulation and simulation; and NE-ONE, a performance test application for realistic networks, including LAN, WAN, Internet, Cloud, Wi-Fi, (A)DSL, mobile, and satellite to verify application performance.