NTG Clarity Networks (CVE:NCI) Trading Down 9.6% – Here’s What Happened

Shares of NTG Clarity Networks Inc. (CVE:NCI) fell 9.6% on Wednesday . The stock traded as low as C$1.63 and last traded at C$1.70. 239,521 shares traded hands during trading, an increase of 118% from the average session volume of 110,114 shares. The stock had previously closed at C$1.88.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group set a C$3.25 price objective on NTG Clarity Networks and gave the stock a “buy” rating in a research report on Tuesday, March 4th.

NTG Clarity Networks Trading Down 9.6 %

The company has a quick ratio of 0.53, a current ratio of 1.82 and a debt-to-equity ratio of 75.40. The company’s 50-day moving average is C$1.87 and its 200 day moving average is C$1.53. The company has a market cap of C$70.07 million, a price-to-earnings ratio of 10.02 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.