NTG Clarity Networks (CVE:NCI) Shares Down 15.7% - Here's What Happened

Key Points

• NTG Clarity Networks Inc. shares fell by 15.7% during trading, dropping to a low of C$1.68 from a previous close of C$2.17.
• Trading volume surged to 1,407,837 shares, marking an increase of 698% compared to the average volume of 176,379 shares.
• The company's financial metrics include a debt-to-equity ratio of 75.40 and a market capitalization of C$75.43 million.

NTG Clarity Networks Inc. (CVE:NCI - Get Free Report)'s stock price was down 15.7% on Friday . The stock traded as low as C$1.68 and last traded at C$1.83. Approximately 1,407,837 shares changed hands during 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 Performance

The company has a current ratio of 1.82, a quick ratio of 0.53 and a debt-to-equity ratio of 75.40. The firm's 50-day simple moving average is C$2.16 and its two-hundred day simple moving average is C$2.05. The company has a market cap of C$83.18 million, a PE 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.