NTG Clarity Networks (CVE:NCI) Hits New 1-Year Low – Here’s What Happened

NTG Clarity Networks Inc. (CVE:NCI) hit a new 52-week low on Tuesday . The company traded as low as C$0.71 and last traded at C$0.78, with a volume of 122918 shares changing hands. The stock had previously closed at C$0.77.

Analyst Upgrades and Downgrades

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

NTG Clarity Networks Stock Up 1.3%

The company has a current ratio of 3.12, a quick ratio of 0.53 and a debt-to-equity ratio of 21.05. The stock has a 50-day moving average of C$0.93 and a 200-day moving average of C$1.12. The firm has a market cap of C$37.44 million, a price-to-earnings ratio of 7.80 and a beta of 1.00.

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.