NTG Clarity Networks (CVE:NCI) Shares Down 9.6% – Here’s What Happened

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

Wall Street Analyst Weigh In

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

NTG Clarity Networks Stock Performance

The company has a market capitalization of C$70.07 million, a PE ratio of 10.02 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. The business has a 50 day simple moving average of C$1.87 and a 200 day simple moving average of C$1.53.

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.