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

NTG Clarity Networks Inc. (CVE:NCI)’s share price hit a new 52-week low on Tuesday . The stock 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 Analyst Weigh In

Several analysts have weighed in on the company. Ventum Financial set a C$2.00 target price on 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 report on Thursday, February 19th. Finally, Canaccord Genuity Group decreased their target price 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 report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$1.75.

NTG Clarity Networks Price Performance

The company has a 50 day moving average of C$0.98 and a two-hundred day moving average of C$1.18. The firm has a market cap of C$39.36 million, a P/E ratio of 8.20 and a beta of 1.00. The company has a quick ratio of 0.53, a current ratio of 3.02 and a debt-to-equity ratio of 22.34.

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.