NTG Clarity Networks (CVE:NCI) Share Price Passes Below 200 Day Moving Average – Here’s Why

NTG Clarity Networks Inc. (CVE:NCI) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.55 and traded as low as C$1.45. NTG Clarity Networks shares last traded at C$1.56, with a volume of 207,010 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group set a C$3.25 target price on NTG Clarity Networks and gave the stock a “buy” rating in a research report on Tuesday, March 4th.

NTG Clarity Networks Price Performance

The company has a 50 day moving average of C$1.85 and a two-hundred day moving average of C$1.55. The firm has a market cap of C$64.30 million, a P/E ratio of 9.20 and a beta of 1.10. The company has a quick ratio of 0.53, a current ratio of 1.82 and a debt-to-equity ratio of 75.40.

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.