NTG Clarity Networks (CVE:NCI) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

NTG Clarity Networks Inc. (CVE:NCI) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.97 and traded as low as C$0.80. NTG Clarity Networks shares last traded at C$0.82, with a volume of 45,021 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Canaccord Genuity Group dropped their price target on NTG Clarity Networks from C$2.70 to C$1.50 and set a “speculative buy” rating on the stock in a research report on Wednesday, April 29th. Ventum Financial set a C$2.00 target price on NTG Clarity Networks and gave the stock a “buy” rating in a research note on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat, NTG Clarity Networks has a consensus rating of “Buy” and a consensus target price of C$1.75.

NTG Clarity Networks Stock Performance

The stock has a market cap of C$39.36 million, a P/E ratio of 10.25 and a beta of 1.24. The company has a debt-to-equity ratio of 21.05, a current ratio of 3.12 and a quick ratio of 0.53. The stock has a 50-day simple moving average of C$0.77 and a 200-day simple moving average of C$0.97.

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.