NTG Clarity Networks (CVE:NCI) Sets New 52-Week Low – What’s Next?

Shares of NTG Clarity Networks Inc. (CVE:NCI – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.81 and last traded at C$0.81, with a volume of 13796 shares changing hands. The stock had previously closed at C$0.84.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NCI shares. Ventum Financial set a C$2.00 price objective on shares of NTG Clarity Networks and gave the company a “buy” rating in a research note on Wednesday, April 1st. Atrium Research upgraded shares of NTG Clarity Networks to a “strong-buy” rating in a research note on Thursday, February 19th. Finally, Canaccord Genuity Group dropped their price objective on shares of NTG Clarity Networks from C$2.70 to C$1.50 and set a “speculative buy” rating for the company in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat.com, NTG Clarity Networks has an average rating of “Buy” and an average target price of C$1.75.

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NTG Clarity Networks Stock Down 1.2%

The company has a debt-to-equity ratio of 22.34, a quick ratio of 0.53 and a current ratio of 3.02. The stock has a market cap of C$38.40 million, a price-to-earnings ratio of 8.00 and a beta of 1.00. The firm’s 50-day simple moving average is C$0.96 and its two-hundred day simple moving average is C$1.16.

NTG Clarity Networks Company Profile

(Get Free Report)

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.

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