5G Networks (ASX:5GN) Stock Price Down 4.8%

Shares of 5G Networks Limited (ASX:5GN) traded down 4.8% during mid-day trading on Wednesday . The company traded as low as A$0.88 ($0.62) and last traded at A$0.89 ($0.63), 530,243 shares changed hands during mid-day trading. The stock had previously closed at A$0.94 ($0.66).

The company has a current ratio of 1.12, a quick ratio of 1.01 and a debt-to-equity ratio of 131.76. The firm has a market cap of $56.46 million and a P/E ratio of -11.15. The company has a 50-day simple moving average of A$0.78.

5G Networks Company Profile (ASX:5GN)

5G Networks Limited provides high speed network and the cloud infrastructure services in Australia. It offers various services, including integrated fiber and wireless network, cloud infrastructure, high speed unlimited Internet access, wholesale cloud, redundancy, virtual private network, business phone systems, managed services, and consulting services.

Further Reading: Neutral Rating

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