NTG Clarity Networks (CVE:NCI) Hits New 1-Year Low – Here’s What Happened

NTG Clarity Networks Inc. (CVE:NCI)’s share price reached a new 52-week low on Tuesday . The stock traded as low as C$0.71 and last traded at C$0.78, with a volume of 122918 shares changing hands. The stock had previously closed at C$0.77.

Analyst Upgrades and Downgrades

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

NTG Clarity Networks Stock Up 1.3%

The firm has a market capitalization of C$37.44 million, a price-to-earnings ratio of 7.80 and a beta of 1.00. The company has a current ratio of 3.12, a quick ratio of 0.53 and a debt-to-equity ratio of 21.05. The firm has a 50 day moving average price of C$0.93 and a two-hundred day moving average price of C$1.12.

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.