NTG Clarity Networks (CVE:NCI) Reaches New 52-Week Low – Here’s What Happened

NTG Clarity Networks Inc. (CVE:NCI)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as C$0.80 and last traded at C$0.80, with a volume of 26237 shares. The stock had previously closed at C$0.80.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Ventum Financial set a C$2.00 price target on shares of NTG Clarity Networks and gave the stock a “buy” rating in a report on Wednesday, April 1st. Canaccord Genuity Group cut their price target on shares of NTG Clarity Networks from C$2.70 to C$1.50 and set a “speculative buy” rating for the company in a report on Wednesday, April 29th. Finally, Atrium Research raised shares of NTG Clarity Networks to a “strong-buy” rating in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat.com, NTG Clarity Networks presently has an average rating of “Buy” and a consensus target price of C$1.75.

NTG Clarity Networks Price Performance

The company has a 50-day simple moving average of C$0.95 and a 200-day simple moving average of C$1.14. The stock has a market cap of C$38.40 million, a PE ratio of 8.00 and a beta of 1.00. The company has a debt-to-equity ratio of 22.34, a current ratio of 3.02 and a quick ratio of 0.53.

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.