NTG Clarity Networks (CVE:NCI) Trading 11.8% Higher – Here’s What Happened

NTG Clarity Networks Inc. (CVE:NCI)’s stock price was up 11.8% on Tuesday . The company traded as high as C$1.91 and last traded at C$1.90. Approximately 163,503 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 128,381 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 NTG Clarity Networks and gave the stock a “buy” rating in a report on Tuesday.

NTG Clarity Networks Price Performance

The firm has a market capitalization of C$79.96 million, a price-to-earnings ratio of 11.44 and a beta of 1.10. The company has a debt-to-equity ratio of 75.40, a current ratio of 1.82 and a quick ratio of 0.53. The stock’s 50 day moving average price is C$1.78 and its two-hundred day moving average price is C$1.50.

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.