NTG Clarity Networks (CVE:NCI) Hits New 52-Week Low – What’s Next?

NTG Clarity Networks Inc. (CVE:NCI) shares reached a new 52-week low on Tuesday . The stock traded as low as C$0.81 and last traded at C$0.81, with a volume of 13796 shares traded. The stock had previously closed at C$0.84.

Wall Street Analysts Forecast Growth

NCI has been the subject of several research reports. Atrium Research raised NTG Clarity Networks to a “strong-buy” rating in a research note on Thursday, February 19th. Ventum Financial set a C$2.00 price objective on NTG Clarity Networks and gave the stock a “buy” rating in a research note on Wednesday, April 1st. Finally, Canaccord Genuity Group cut their price objective on NTG Clarity Networks from C$2.70 to C$1.50 and set a “speculative buy” rating on the stock in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$1.75.

NTG Clarity Networks Stock Down 2.4%

The business’s 50 day moving average is C$0.98 and its 200 day moving average is C$1.18. The company has a debt-to-equity ratio of 22.34, a quick ratio of 0.53 and a current ratio of 3.02. The stock has a market cap of C$39.36 million, a price-to-earnings ratio of 8.20 and a beta of 1.00.

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.