NTG Clarity Networks (CVE:NCI) Shares Up 8.8% – Time to Buy?

NTG Clarity Networks Inc. (CVE:NCI)’s stock price shot up 8.8% on Tuesday . The company traded as high as C$1.85 and last traded at C$1.85. 149,203 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 126,973 shares. The stock had previously closed at C$1.70.

Analyst Ratings Changes

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

NTG Clarity Networks Stock Up 14.1 %

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