NTG Clarity Networks (CVE:NCI) Trading Up 18.5% - Here's Why

NTG Clarity Networks Inc. (CVE:NCI - Get Free Report)'s stock price was up 18.5% on Monday . The stock traded as high as C$2.07 and last traded at C$2.05. Approximately 542,298 shares were traded during mid-day trading, an increase of 320% from the average daily volume of 129,085 shares. The stock had previously closed at C$1.73.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group set a C$3.25 target price on shares of NTG Clarity Networks and gave the company a "buy" rating in a research note on Tuesday, March 4th.

NTG Clarity Networks Price Performance

The company has a debt-to-equity ratio of 75.40, a quick ratio of 0.53 and a current ratio of 1.82. The firm has a market capitalization of C$85.74 million, a P/E ratio of 12.26 and a beta of 1.10. The business has a fifty day moving average of C$1.76 and a 200-day moving average of C$1.63.

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.