ADVA Optical Networking (OTCMKTS:ADVOF) Reaches New 52-Week High at $13.47

ADVA Optical Networking SE (OTCMKTS:ADVOF)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $13.47 and last traded at $13.47, with a volume of 605 shares traded. The stock had previously closed at $12.21.

Separately, Zacks Investment Research upgraded shares of ADVA Optical Networking from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Friday, April 23rd.

The company has a market cap of $672.91 million, a P/E ratio of 13.57 and a beta of 1.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.96 and a quick ratio of 1.28. The business’s 50 day moving average is $12.19.

About ADVA Optical Networking (OTCMKTS:ADVOF)

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.

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