NTG Clarity Networks (CVE:NCI) Trading Up 8.8% – Time to Buy?

NTG Clarity Networks Inc. (CVE:NCI)’s share price was up 8.8% during mid-day trading on Tuesday . The stock traded as high as C$1.85 and last traded at C$1.85. Approximately 149,203 shares traded hands during trading, an increase of 18% from the average daily volume of 126,973 shares. The stock had previously closed at C$1.70.

Analyst Ratings Changes

Separately, Canaccord Genuity Group set a C$3.25 price target on NTG Clarity Networks and gave the company a “buy” rating in a report on Tuesday.

NTG Clarity Networks Stock Up 14.1 %

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 stock has a market cap of C$79.96 million, a P/E ratio of 11.44 and a beta of 1.10. The firm has a 50-day simple moving average of C$1.78 and a two-hundred day simple moving average of C$1.50.

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.