NTG Clarity Networks (CVE:NCI) Trading 15.9% Higher – Time to Buy?

NTG Clarity Networks Inc. (CVE:NCI)’s stock price rose 15.9% during trading on Tuesday . The company traded as high as C$1.97 and last traded at C$1.97. Approximately 174,556 shares changed hands during mid-day trading, an increase of 36% from the average daily volume of 128,661 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 shares of NTG Clarity Networks and gave the stock a “buy” rating in a research note on Tuesday.

NTG Clarity Networks Trading Up 14.1 %

The company has a quick ratio of 0.53, a current ratio of 1.82 and a debt-to-equity ratio of 75.40. The company’s fifty day moving average price is C$1.78 and its two-hundred day moving average price is C$1.50. The firm has a market cap of C$79.96 million, a PE 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.