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

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

Analyst Ratings Changes

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

NTG Clarity Networks Trading Up 2.5 %

The business has a fifty day simple moving average of C$1.82 and a 200-day simple moving average of C$1.52. The company has a debt-to-equity ratio of 75.40, a quick ratio of 0.53 and a current ratio of 1.82. The firm has a market cap 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.