NTG Clarity Networks (CVE:NCI) Trading Down 12.2% – Time to Sell?

NTG Clarity Networks Inc. (CVE:NCI) fell 12.2% on Wednesday . The company traded as low as C$1.64 and last traded at C$1.65. 128,017 shares changed hands during mid-day trading, an increase of 19% from the average session volume of 107,798 shares. The stock had previously closed at C$1.88.

Analysts Set New Price Targets

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 report on Tuesday, March 4th.

NTG Clarity Networks Trading Down 0.6 %

The company has a debt-to-equity ratio of 75.40, a current ratio of 1.82 and a quick ratio of 0.53. The firm has a market cap of C$71.72 million, a price-to-earnings ratio of 10.26 and a beta of 1.10. The business’s 50-day moving average price is C$1.88 and its two-hundred day moving average price is C$1.53.

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.