Canaccord Genuity Group Lowers NTG Clarity Networks (CVE:NCI) Price Target to C$1.50

NTG Clarity Networks (CVE:NCI) had its price objective decreased by analysts at Canaccord Genuity Group from C$2.70 to C$1.50 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 61.29% from the stock’s current price.

Several other equities research analysts also recently issued reports on NCI. Atrium Research upgraded shares of NTG Clarity Networks to a “strong-buy” rating in a research note on Thursday, February 19th. Ventum Financial set a C$2.00 price target on shares of 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 issued a Buy rating to the company’s stock. According to data from MarketBeat, NTG Clarity Networks has an average rating of “Buy” and an average price target of C$1.75.

NTG Clarity Networks Stock Performance

Shares of NTG Clarity Networks stock traded down C$0.07 during midday trading on Wednesday, hitting C$0.93. The company had a trading volume of 60,856 shares, compared to its average volume of 82,067. The business’s 50 day simple moving average is C$1.03 and its two-hundred day simple moving average is C$1.26. The stock has a market cap of C$44.04 million, a PE ratio of 6.64 and a beta of 1.00. The company has a debt-to-equity ratio of 20.59, a current ratio of 3.13 and a quick ratio of 0.53. NTG Clarity Networks has a 1-year low of C$0.81 and a 1-year high of C$2.97.

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.