NCC Group (LON:NCC) Shares Pass Above 200-Day Moving Average - Here's What Happened

Key Points

• NCC Group's shares surpassed their 200-day moving average, trading at GBX 146.60 ($1.98) with a peak of GBX 148.60 ($2.00).
• Shore Capital has reaffirmed a "buy" rating for NCC Group, setting a price target of GBX 175, indicating positive analyst sentiment.
• The company has a market cap of £448.63 million, with a notably high price-to-earnings ratio of -1,830.00, pointing to potential volatility in its earnings performance.

NCC Group plc (LON:NCC - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 146.26 ($1.97) and traded as high as GBX 148.60 ($2.00). NCC Group shares last traded at GBX 146.60 ($1.98), with a volume of 522,352 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "buy" rating and set a GBX 175 price objective on shares of NCC Group in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of GBX 175.

NCC Group Stock Performance

The stock has a fifty day moving average price of GBX 145.38 and a 200 day moving average price of GBX 146.26. The company has a current ratio of 0.74, a quick ratio of 0.97 and a debt-to-equity ratio of 37.15. The firm has a market cap of £448.63 million, a price-to-earnings ratio of -1,830.00 and a beta of 0.77.

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.

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