NTG Clarity Networks (CVE:NCI) Stock Price Down 7.4% – Should You Sell?

Shares of NTG Clarity Networks Inc. (CVE:NCI) fell 7.4% during mid-day trading on Wednesday . The stock traded as low as C$1.63 and last traded at C$1.74. 226,216 shares changed hands during trading, an increase of 108% from the average session volume of 108,739 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 NTG Clarity Networks and gave the stock a “buy” rating in a research note on Tuesday, March 4th.

NTG Clarity Networks Price Performance

The firm has a market capitalization of C$70.48 million, a price-to-earnings ratio of 10.08 and a beta of 1.10. The company’s 50 day moving average is C$1.87 and its 200 day moving average is C$1.53. The company has a quick ratio of 0.53, a current ratio of 1.82 and a debt-to-equity ratio of 75.40.

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.