NTG Clarity Networks (CVE:NCI) Reaches New 1-Year Low – Here’s Why

NTG Clarity Networks Inc. (CVE:NCI)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.80 and last traded at C$0.80, with a volume of 26237 shares traded. The stock had previously closed at C$0.80.

Analyst Ratings Changes

Several brokerages recently issued reports on NCI. Canaccord Genuity Group decreased their price target on NTG Clarity Networks from C$2.70 to C$1.50 and set a “speculative buy” rating for the company in a report on Wednesday, April 29th. Ventum Financial set a C$2.00 price target on NTG Clarity Networks and gave the stock a “buy” rating in a report on Wednesday, April 1st. Finally, Atrium Research upgraded NTG Clarity Networks to a “strong-buy” rating in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to data from MarketBeat, NTG Clarity Networks currently has an average rating of “Buy” and a consensus target price of C$1.75.

NTG Clarity Networks Price Performance

The company has a current ratio of 3.02, a quick ratio of 0.53 and a debt-to-equity ratio of 22.34. The business has a 50-day moving average price of C$0.96 and a 200 day moving average price of C$1.16. The stock has a market cap of C$38.40 million, a PE ratio of 8.00 and a beta of 1.00.

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.