NCC Group (LON:NCC) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• NCC Group plc's shares have crossed above their 200-day moving average, trading at GBX 145.20 ($1.95), indicating a notable upward trend.
• Shore Capital has reaffirmed a "buy" rating on the stock with a price target of GBX 175, reflecting positive analyst sentiment.
• The company reported a negative net margin of 7.68% and anticipates earnings per share (EPS) of approximately 6.74 for the current fiscal year.

NCC Group plc (LON:NCC - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 143.85 ($1.94) and traded as high as GBX 145.60 ($1.97). NCC Group shares last traded at GBX 145.20 ($1.96), with a volume of 472,216 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital reissued a "buy" rating and issued a GBX 175 target price on shares of NCC Group in a report on Thursday, July 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of GBX 175.

NCC Group Stock Performance

The firm has a market cap of £460.93 million, a price-to-earnings ratio of -18.41 and a beta of 0.77. The company has a quick ratio of 0.97, a current ratio of 0.74 and a debt-to-equity ratio of 37.15. The stock has a fifty day moving average price of GBX 145.11 and a 200-day moving average price of GBX 144.01.

NCC Group (LON:NCC - Get Free Report) last announced its quarterly earnings data on Thursday, June 19th. The company reported GBX 2.10 earnings per share for the quarter. NCC Group had a negative return on equity of 9.97% and a negative net margin of 7.68%. On average, analysts expect that NCC Group plc will post 6.744373 earnings per share for the current fiscal year.

About NCC Group

NCC Group is a people-powered, tech-enabled global cyber security and software escrow business. Driven by a collective purpose to create a more secure digital future, c, 2,200 colleagues across Europe, North America, and Asia Pacific harness their collective insight, intelligence, and innovation to deliver cyber resilience solutions for both public and private sector clients globally.