NTG Clarity Networks (CVE:NCI) Shares Up 14.7% – Here’s What Happened

NTG Clarity Networks Inc. (CVE:NCI) shares shot up 14.7% during mid-day trading on Tuesday . The stock traded as high as C$1.97 and last traded at C$1.95. 198,806 shares were traded during mid-day trading, an increase of 54% from the average session volume of 129,057 shares. The stock had previously closed at C$1.70.

Wall Street Analyst Weigh In

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

NTG Clarity Networks Trading Up 14.1 %

The firm’s 50-day simple moving average is C$1.78 and its 200-day simple moving average is C$1.50. The firm has a market capitalization of C$79.96 million, a PE ratio of 11.44 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.

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.