NTG Clarity Networks (CVE:NCI) Stock Price Down 17.9% – Here’s Why

Shares of NTG Clarity Networks Inc. (CVE:NCI) dropped 17.9% on Thursday . The company traded as low as C$0.90 and last traded at C$1.24. Approximately 498,495 shares changed hands during trading, an increase of 201% from the average daily volume of 165,462 shares. The stock had previously closed at C$1.51.

NTG Clarity Networks Stock Down 17.9%

The firm has a 50 day moving average price of C$1.77 and a 200-day moving average price of C$2.05. The firm has a market cap of C$57.95 million, a price-to-earnings ratio of 9.54 and a beta of 1.13. The company has a debt-to-equity ratio of 75.40, a current ratio of 1.82 and a quick ratio of 0.53.

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.