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

NTG Clarity Networks Inc. (CVE:NCI)’s stock price fell 12.2% on Wednesday . The company traded as low as C$1.64 and last traded at C$1.65. 128,017 shares traded 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 target price on shares of NTG Clarity Networks and gave the company a “buy” rating in a research report on Tuesday, March 4th.

NTG Clarity Networks Stock Down 8.5 %

The business’s 50 day moving average is C$1.87 and its 200 day moving average is C$1.53. 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 market cap of C$70.90 million, a P/E ratio of 10.14 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.