NTG Clarity Networks (CVE:NCI) Shares Up 14.7% - Time to Buy?

NTG Clarity Networks Inc. (CVE:NCI - Get Free Report) rose 14.7% during trading on Tuesday . The company traded as high as C$1.97 and last traded at C$1.95. Approximately 198,806 shares changed hands during trading, an increase of 54% from the average daily volume of 129,057 shares. The stock had previously closed at C$1.70.

Wall Street Analysts Forecast Growth

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

NTG Clarity Networks Trading Up 2.5 %

The business's 50-day moving average price is C$1.82 and its 200 day moving average price is C$1.52. The company has a debt-to-equity ratio of 75.40, a current ratio of 1.82 and a quick ratio of 0.53. The firm has a market capitalization of C$84.50 million, a price-to-earnings ratio of 12.09 and a beta of 1.10.

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.