NCC Group (LON:NCC) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• NCC Group's shares have recently surpassed their 200-day moving average, reaching a trading high of GBX 151 ($2.04) before closing at GBX 148.40 ($2.01).
• Shore Capital has reissued a "buy" rating" for NCC Group along with a target price of GBX 175, reflecting positive sentiment from analysts.
• The company reported a negative return on equity of 9.97% and a negative net margin of 7.68%, indicating some financial difficulties despite ongoing efforts in the cybersecurity sector.

NCC Group plc (LON:NCC - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 144.52 ($1.96) and traded as high as GBX 151 ($2.05). NCC Group shares last traded at GBX 148.40 ($2.01), with a volume of 894,021 shares.

Analyst Upgrades and Downgrades

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

NCC Group Price Performance

The stock has a 50-day moving average price of GBX 145.66 and a 200 day moving average price of GBX 144.87. The company has a debt-to-equity ratio of 37.15, a current ratio of 0.74 and a quick ratio of 0.97. The firm has a market cap of £439.44 million, a price-to-earnings ratio of -1,792.50 and a beta of 0.77.

NCC Group (LON:NCC - Get Free Report) last posted its earnings results on Thursday, June 19th. The company reported GBX 2.10 EPS for the quarter. NCC Group had a negative return on equity of 9.97% and a negative net margin of 7.68%. As a group, equities research analysts forecast that NCC Group plc will post 6.744373 earnings per share 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.