NTG Clarity Networks (CVE:NCI) Shares Up 8.8% – Time to Buy?

NTG Clarity Networks Inc. (CVE:NCI)’s stock price shot up 8.8% on Tuesday . The stock traded as high as C$1.85 and last traded at C$1.85. 149,203 shares changed hands during trading, an increase of 18% from the average session volume of 126,973 shares. The stock had previously closed at C$1.70.

Wall Street Analysts Forecast Growth

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 note on Tuesday.

NTG Clarity Networks Trading Up 14.1 %

The company has a debt-to-equity ratio of 75.40, a quick ratio of 0.53 and a current ratio of 1.82. The firm has a 50 day simple moving average of C$1.78 and a two-hundred day simple moving average of C$1.50. The firm has a market capitalization of C$79.96 million, a P/E ratio of 11.44 and a beta of 1.10.

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.