NTG Clarity Networks (CVE:NCI) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Shares of NTG Clarity Networks Inc. (CVE:NCI) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.78 and traded as high as C$0.81. NTG Clarity Networks shares last traded at C$0.79, with a volume of 68,185 shares changing hands.

Analysts Set New Price Targets

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

NTG Clarity Networks Trading Up 2.6%

The stock has a market capitalization of C$37.92 million, a PE ratio of 9.88 and a beta of 1.24. The company has a current ratio of 3.12, a quick ratio of 0.53 and a debt-to-equity ratio of 21.05. The firm has a 50-day moving average price of C$0.78 and a 200-day moving average price of C$0.99.

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.