ADVA Optical Networking SE (ETR:ADV) shares hit a new 52-week high on Tuesday . The stock traded as high as €10.46 ($12.31) and last traded at €10.30 ($12.12), with a volume of 182422 shares changing hands. The stock had previously closed at €10.14 ($11.93).
Separately, Kepler Capital Markets set a €10.50 ($12.35) price target on shares of ADVA Optical Networking and gave the company a “buy” rating in a research report on Wednesday, March 24th.
The company has a market cap of $514.06 million and a P/E ratio of 25.45. The company has a debt-to-equity ratio of 34.35, a current ratio of 1.90 and a quick ratio of 1.18. The company’s 50-day moving average is €9.47 and its two-hundred day moving average is €7.82.
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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