NCC Group (LON:NCC) Stock Crosses Above 200 Day Moving Average - Here's Why

Key Points

• NCC Group shares have surpassed their 200-day moving average, trading at GBX 146.40 ($1.95) after reaching a high of GBX 152.80 ($2.03).
• Shore Capital has reaffirmed a "buy" rating" for NCC Group and set a price target of GBX 175 ($2.33) for the stock.
• The company reported a negative net margin of 7.68% and a negative return on equity of 9.97% in its last quarterly earnings.

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 143.50 ($1.93) and traded as high as GBX 152.80 ($2.06). NCC Group shares last traded at GBX 146.40 ($1.97), with a volume of 451,111 shares traded.

Analyst Ratings Changes

Separately, Shore Capital reiterated a "buy" rating and issued a GBX 175 ($2.35) target price on shares of NCC Group in a report on Thursday, July 17th.

NCC Group Price Performance

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 business's fifty day moving average is GBX 149.62 and its 200 day moving average is GBX 143.71. The firm has a market capitalization of £452.74 million, a P/E ratio of -18.08 and a beta of 0.77.

NCC Group (LON:NCC - Get Free Report) last released 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 net margin of 7.68% and a negative return on equity of 9.97%. As a group, analysts forecast that NCC Group plc will post 6.744373 EPS for the current 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.