NTG Clarity Networks (CVE:NCI) Stock Price Down 9.6% – What’s Next?

NTG Clarity Networks Inc. (CVE:NCI) shares were down 9.6% during mid-day trading on Wednesday . The company traded as low as C$1.63 and last traded at C$1.70. Approximately 239,521 shares traded hands during mid-day trading, an increase of 118% from the average daily volume of 110,114 shares. The stock had previously closed at C$1.88.

Analyst Ratings Changes

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

NTG Clarity Networks Trading Down 2.9 %

The stock has a market capitalization of C$69.66 million, a P/E ratio of 9.96 and a beta of 1.10. The stock’s fifty day moving average price is C$1.88 and its two-hundred day moving average price is C$1.53. The company has a current ratio of 1.82, a quick ratio of 0.53 and a debt-to-equity ratio of 75.40.

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.