NTG Clarity Networks (CVE:NCI) Trading Down 7.4% – What’s Next?

Shares of NTG Clarity Networks Inc. (CVE:NCI) were down 7.4% on Wednesday . The company traded as low as C$1.63 and last traded at C$1.74. Approximately 226,216 shares were traded during trading, an increase of 108% from the average daily volume of 108,739 shares. The stock had previously closed at C$1.88.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group set a C$3.25 price objective on NTG Clarity Networks and gave the company a “buy” rating in a research note on Tuesday, March 4th.

NTG Clarity Networks Stock Performance

The company has a current ratio of 1.82, a quick ratio of 0.53 and a debt-to-equity ratio of 75.40. The firm has a market capitalization of C$71.72 million, a P/E ratio of 10.26 and a beta of 1.10. The business’s 50 day simple moving average is C$1.88 and its two-hundred day simple moving average is C$1.53.

NTG Clarity Networks Company Profile

NTG Clarity Networks Inc provides telecommunications engineering, information technology, networking, and related software solutions worldwide. Its products include NTGapps, that designs to simplify the telecom digital transformation by providing digital application template; StageEM, an enterprise solution that covers project portfolio management, demand and capacity, analytic and dashboard, and decision-making using real-time data; Workflow Management solution, which enable organization to design, deploy, execute, monitor, and analyze their business process; Network Inventory Management solution that covers network, service, and resource for organization; and Partner Relationship Management solution, which covers the value chain of partnership and enable vendor to manage their strategic partner.