NTG Clarity Networks (CVE:NCI) Shares Up 8.8% - Here's Why

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

Analysts Set New Price Targets

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

NTG Clarity Networks Stock Up 2.5 %

The company has a quick ratio of 0.53, a current ratio of 1.82 and a debt-to-equity ratio of 75.40. The company has a market capitalization of C$84.50 million, a P/E ratio of 12.09 and a beta of 1.10. The firm has a 50-day moving average price of C$1.82 and a two-hundred day moving average price of C$1.52.

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.