NTG Clarity Networks (CVE:NCI) Stock Price Down 12.2% – Here’s Why

Shares of NTG Clarity Networks Inc. (CVE:NCI) were down 12.2% during trading on Wednesday . The stock traded as low as C$1.64 and last traded at C$1.65. Approximately 128,017 shares traded hands during trading, an increase of 19% from the average daily volume of 107,798 shares. The stock had previously closed at C$1.88.

Analyst Ratings Changes

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

NTG Clarity Networks Price Performance

The stock’s 50 day simple moving average is C$1.87 and its 200-day simple moving average is C$1.53. The firm has a market cap of C$70.90 million, a price-to-earnings ratio of 10.14 and a beta of 1.10. The company has a debt-to-equity ratio of 75.40, a quick ratio of 0.53 and a current ratio of 1.82.

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.