NTG Clarity Networks (CVE:NCI) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

NTG Clarity Networks Inc. (CVE:NCI)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.94 and traded as low as C$0.77. NTG Clarity Networks shares last traded at C$0.78, with a volume of 34,222 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price objective 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 research report on Wednesday, April 29th. One investment 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, the stock presently has an average rating of “Buy” and a consensus price target of C$1.75.

NTG Clarity Networks Stock Performance

The company has a market capitalization of C$37.44 million, a P/E ratio of 9.75 and a beta of 1.23. The stock has a fifty day simple moving average of C$0.77 and a 200-day simple moving average of C$0.94. The company has a quick ratio of 0.53, a current ratio of 3.12 and a debt-to-equity ratio of 21.05.

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.