NTG Clarity Networks (CVE:NCI) Shares Pass Below 200 Day Moving Average – What’s Next?

Shares of NTG Clarity Networks Inc. (CVE:NCI) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.23 and traded as low as C$0.91. NTG Clarity Networks shares last traded at C$0.92, with a volume of 28,421 shares changing hands.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Canaccord Genuity Group cut their price target on shares of NTG Clarity Networks from C$2.70 to C$1.50 and set a “speculative buy” rating on the stock in a report on Wednesday, April 29th. Atrium Research raised NTG Clarity Networks to a “strong-buy” rating in a report on Thursday, February 19th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat.com, NTG Clarity Networks currently has an average rating of “Buy” and an average target price of C$1.75.

NTG Clarity Networks Price Performance

The firm has a market cap of C$43.39 million, a PE ratio of 9.10 and a beta of 1.00. The company has a debt-to-equity ratio of 22.34, a current ratio of 3.02 and a quick ratio of 0.53. The business’s fifty day moving average is C$1.01 and its 200-day moving average is C$1.23.

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.