NTG Clarity Networks (CVE:NCI) Reaches New 1-Year Low – Here’s Why

NTG Clarity Networks Inc. (CVE:NCIGet Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as C$0.80 and last traded at C$0.80, with a volume of 26237 shares. The stock had previously closed at C$0.80.

Wall Street Analyst Weigh In

NCI has been the subject of several analyst reports. Ventum Financial set a C$2.00 target price on NTG Clarity Networks and gave the stock a “buy” rating in a research note on Wednesday, April 1st. Canaccord Genuity Group cut their target price on 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. Finally, Atrium Research upgraded NTG Clarity Networks to a “strong-buy” rating in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$1.75.

Get Our Latest Analysis on NTG Clarity Networks

NTG Clarity Networks Stock Performance

The firm has a 50 day simple moving average of C$0.96 and a 200 day simple moving average of C$1.16. 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 firm has a market cap of C$38.40 million, a P/E ratio of 8.00 and a beta of 1.00.

About NTG Clarity Networks

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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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