Netcall (LON:NET) Stock Passes Above 200 Day Moving Average - What's Next?

Key Points

• Netcall plc shares have surpassed their 200-day moving average, peaking at GBX 120.63 ($1.61) during trading, which indicates a potential bullish trend.
• Research analysts from Berenberg Bank and Canaccord Genuity have both reaffirmed a "buy" rating on Netcall shares, with target prices set at GBX 155 ($2.07) and GBX 130 ($1.74), respectively.
• Insider Michael Jackson sold 420,000 shares at an average price of GBX 119 ($1.59), bringing insider ownership down to 11.47%.

Netcall plc (LON:NET - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 111.70 ($1.50) and traded as high as GBX 120.63 ($1.62). Netcall shares last traded at GBX 119 ($1.60), with a volume of 21,661 shares trading hands.

Wall Street Analysts Forecast Growth

NET has been the subject of a number of research analyst reports. Berenberg Bank reiterated a "buy" rating and issued a GBX 155 ($2.08) price target on shares of Netcall in a report on Tuesday, July 22nd. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 130 ($1.75) price target on shares of Netcall in a report on Tuesday, July 22nd.

Netcall Price Performance

The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.88 and a current ratio of 1.22. The firm has a market cap of £197.53 million, a P/E ratio of 33.65 and a beta of 0.23. The company has a 50-day moving average of GBX 115.90 and a 200 day moving average of GBX 112.11.

Insiders Place Their Bets

In related news, insider Michael Jackson sold 420,000 shares of Netcall stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of GBX 119 ($1.60), for a total value of £499,800 ($671,954.83). Corporate insiders own 11.47% of the company's stock.

Netcall Company Profile

Netcall is a leading provider of Intelligent Automation and Customer Engagement software enabling customers to digitally transform their businesses faster and more efficiently, empowering them to become leaner, more customer-centric organisations. Netcall achieves this through its industry-leading Liberty Platform which provides a tightly integrated suite of low-code, customer engagement and contact centre solutions, helping organisations to manage and improve customer experience, effortlessly. The Group's customers span enterprise, healthcare and government sectors including two-thirds of the NHS Acute Health Trusts and leading corporates such as Legal and General, Lloyds Banking Group, Aon and Santander.