Enablence Technologies (CVE:ENA) Reaches New 52-Week High – Still a Buy?
by Mitch Edgeman · The Markets DailyEnablence Technologies Inc. (CVE:ENA – Get Free Report)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$13.00 and last traded at C$10.00, with a volume of 69455 shares trading hands. The stock had previously closed at C$6.58.
Enablence Technologies Stock Performance
The stock has a market capitalization of C$271.38 million, a PE ratio of -11.10 and a beta of 1.12. The stock’s 50 day moving average is C$4.80 and its two-hundred day moving average is C$2.96.
About Enablence Technologies
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. It also offers long delay lines, an optical component device used for laser locking, short-pulse lasers, and decoherence services. In addition, the company provides various customized design services.