NTG Clarity Networks (CVE:NCI) Trading Up 14.7% – Here’s What Happened

NTG Clarity Networks Inc. (CVE:NCI)’s stock price rose 14.7% during mid-day trading on Tuesday . The company traded as high as C$1.97 and last traded at C$1.95. Approximately 198,806 shares traded hands during trading, an increase of 54% from the average daily volume of 129,057 shares. The stock had previously closed at C$1.70.

Analyst Ratings Changes

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.

NTG Clarity Networks Stock Up 14.1 %

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 has a 50-day moving average of C$1.78 and a two-hundred day moving average of C$1.50. The company 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.