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

NTG Clarity Networks Inc. (CVE:NCI) shares traded up 14.7% during trading on Tuesday . The stock traded as high as C$1.97 and last traded at C$1.95. 198,806 shares were traded during trading, an increase of 54% from the average session volume of 129,057 shares. The stock had previously closed at C$1.70.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group set a C$3.25 price target on 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 stock has a market capitalization of C$79.96 million, a price-to-earnings ratio of 11.44 and a beta of 1.10. The stock’s 50 day moving average is C$1.78 and its 200 day moving average is C$1.50.

About NTG Clarity Networks

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.