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

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

Wall Street Analysts Forecast Growth

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

NTG Clarity Networks Trading Down 0.6 %

The firm has a market cap of C$71.72 million, a price-to-earnings ratio of 10.26 and a beta of 1.10. 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 business has a 50 day moving average price of C$1.88 and a 200-day moving average price of C$1.53.

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.