NTG Clarity Networks (CVE:NCI) Trading Down 9.6% – What’s Next?

Shares of NTG Clarity Networks Inc. (CVE:NCI) dropped 9.6% on Wednesday . The stock traded as low as C$1.63 and last traded at C$1.70. Approximately 239,521 shares were traded during mid-day trading, an increase of 118% from the average daily volume of 110,114 shares. The stock had previously closed at C$1.88.

Analyst Ratings Changes

Separately, Canaccord Genuity Group set a C$3.25 target price on shares of NTG Clarity Networks and gave the stock a “buy” rating in a report on Tuesday, March 4th.

NTG Clarity Networks Price Performance

The stock has a market cap of C$69.66 million, a PE ratio of 9.96 and a beta of 1.10. The business’s 50-day simple moving average is C$1.88 and its 200-day simple moving average is C$1.53. The company has a quick ratio of 0.53, a current ratio of 1.82 and a debt-to-equity ratio of 75.40.

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.