NTG Clarity Networks (CVE:NCI) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of NTG Clarity Networks Inc. (CVE:NCI) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.97 and traded as low as C$0.80. NTG Clarity Networks shares last traded at C$0.82, with a volume of 45,021 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NCI shares. Ventum Financial set a C$2.00 price target on shares of NTG Clarity Networks and gave the company a “buy” rating in a research note on Wednesday, April 1st. Canaccord Genuity Group decreased their price target on NTG Clarity Networks from C$2.70 to C$1.50 and set a “speculative buy” rating on the stock in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$1.75.

NTG Clarity Networks Stock Performance

The company has a market capitalization of C$39.36 million, a price-to-earnings ratio of 10.25 and a beta of 1.24. The company has a debt-to-equity ratio of 21.05, a quick ratio of 0.53 and a current ratio of 3.12. The firm has a 50-day simple moving average of C$0.77 and a two-hundred day simple moving average of C$0.97.

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.