NTG Clarity Networks (CVE:NCI) Trading Up 8.8% – Time to Buy?

NTG Clarity Networks Inc. (CVE:NCI)’s share price shot up 8.8% during mid-day trading on Tuesday . The company traded as high as C$1.85 and last traded at C$1.85. 149,203 shares traded hands during mid-day trading, an increase of 18% from the average session volume of 126,973 shares. The stock had previously closed at C$1.70.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group set a C$3.25 target price on NTG Clarity Networks and gave the company a “buy” rating in a research report on Tuesday.

NTG Clarity Networks Stock Performance

The company has a debt-to-equity ratio of 75.40, a current ratio of 1.82 and a quick ratio of 0.53. The stock has a 50-day simple moving average of C$1.78 and a 200-day simple moving average of C$1.50. The stock has a market cap of C$79.96 million, a P/E ratio of 11.44 and a beta of 1.10.

About NTG Clarity Networks

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.