NCC Group (LON:NCC) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• NCC Group's stock price recently crossed above its 200-day moving average of GBX 143.79, indicating a potential positive trend in the company's performance.
• Shore Capital has reaffirmed a "buy" rating for NCC Group, setting a target price of GBX 175 ($2.36), suggesting analysts are optimistic about its future growth.
• NCC Group reported a negative net margin of 7.68% and a negative return on equity of 9.97%, indicating underlying financial challenges despite the stock price movements.

NCC Group plc (LON:NCC - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 143.79 ($1.95) and traded as high as GBX 143.83 ($1.95). NCC Group shares last traded at GBX 142 ($1.92), with a volume of 791,368 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reissued a "buy" rating and issued a GBX 175 ($2.37) price target on shares of NCC Group in a research note on Thursday, July 17th.

NCC Group Trading Down 1.0%

The firm has a market cap of £444.54 million, a P/E ratio of -17.76 and a beta of 0.77. The company has a 50 day moving average of GBX 148.41 and a 200 day moving average of GBX 143.79. The company has a debt-to-equity ratio of 37.15, a quick ratio of 0.97 and a current ratio of 0.74.

NCC Group (LON:NCC - Get Free Report) last posted its earnings results on Thursday, June 19th. The company reported GBX 2.10 ($0.03) 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%. Analysts predict that NCC Group plc will post 6.744373 EPS for the current fiscal year.

NCC Group Company Profile

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.