NTG Clarity Networks (CVE:NCI) Shares Down 15.7% - Should You Sell?

Key Points

• NTG Clarity Networks Inc. experienced a significant stock decline of 15.7%, dropping from C$2.17 to C$1.83, with trading volumes increasing to 1,407,837 shares, nearly 700% higher than average.
• The company's stock has a market capitalization of C$75.43 million, a P/E ratio of 10.79, and currently trades below both its fifty-day and two-hundred-day moving averages.
• NTG Clarity Networks specializes in telecommunications and IT solutions, offering products aimed at improving digital transformation and business process management.

NTG Clarity Networks Inc. (CVE:NCI - Get Free Report)'s share price dropped 15.7% during trading on Friday . The stock traded as low as C$1.68 and last traded at C$1.83. Approximately 1,407,837 shares were traded during mid-day trading, an increase of 698% from the average daily volume of 176,379 shares. The stock had previously closed at C$2.17.

NTG Clarity Networks Stock Down 2.7%

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 fifty day simple moving average of C$2.16 and a 200 day simple moving average of C$2.05. The firm has a market capitalization of C$83.18 million, a P/E ratio of 9.89 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.