NTG Clarity Networks (CVE:NCI) Trading 11.8% Higher – Time to Buy?

NTG Clarity Networks Inc. (CVE:NCI) rose 11.8% during mid-day trading on Tuesday . The company traded as high as C$1.91 and last traded at C$1.90. Approximately 163,503 shares traded hands during mid-day trading, an increase of 27% from the average daily volume of 128,381 shares. The stock had previously closed at C$1.70.

Analysts Set New Price Targets

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

NTG Clarity Networks Stock Performance

The company has a current ratio of 1.82, a quick ratio of 0.53 and a debt-to-equity ratio of 75.40. The firm has a market capitalization of C$79.96 million, a PE ratio of 11.44 and a beta of 1.10. The firm’s fifty day moving average price is C$1.78 and its 200 day moving average price is C$1.50.

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.