Enablence Technologies (CVE:ENA) Reaches New 12-Month High – Still a Buy?

Enablence Technologies Inc. (CVE:ENAGet Free Report)’s share price reached a new 52-week high on Friday . The company traded as high as C$2.00 and last traded at C$2.00, with a volume of 20804 shares trading hands. The stock had previously closed at C$1.65.

Enablence Technologies Stock Up 21.2 %

The company has a market cap of C$37.18 million, a price-to-earnings ratio of -2.38 and a beta of 0.49. The business has a fifty day simple moving average of C$1.37 and a 200 day simple moving average of C$1.42.

Enablence Technologies (CVE:ENAGet Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported C($0.35) EPS for the quarter. The company had revenue of C$0.85 million for the quarter.

About Enablence Technologies

(Get Free Report)

Enablence Technologies Inc, together with its subsidiaries, designs, manufactures, and sells optical components in planar light wave circuits in Canada, China, and the United States. The company provides coarse wavelength division multiplexing optical demultiplexer and multiplexer, and LAN-wavelength division multiplexing, an optical component device.

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