Netcall (LON:NET) Stock Passes Above 200-Day Moving Average - Here's Why

Key Points

• Netcall plc shares have crossed above their 200-day moving average, trading at GBX 121 ($1.63) with a recent high of GBX 123 ($1.66).
• Equities analysts have given the stock a consensus rating of "Buy" with a price target averaging GBX 138.33, following positive ratings from firms like Berenberg Bank and Canaccord Genuity Group.
• Insider trading activity includes a significant sale by Michael Jackson, who sold 420,000 shares at GBX 119, totaling nearly £500,000.

Shares of 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 112.98 ($1.51) and traded as high as GBX 123 ($1.65). Netcall shares last traded at GBX 121 ($1.62), with a volume of 74,190 shares traded.

Analyst Ratings Changes

A number of brokerages have weighed in on NET. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 130 price target on shares of Netcall in a report on Tuesday, July 22nd. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 155 target price on shares of Netcall in a research report on Tuesday, July 22nd. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of GBX 138.33.

Netcall Price Performance

The company's fifty day moving average is GBX 118.03 and its two-hundred day moving average is GBX 113.12. 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 £193.45 million, a price-to-earnings ratio of 3,815.79 and a beta of 0.23.

Insider Activity at Netcall

In other news, insider Michael Jackson sold 420,000 shares of the company's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of GBX 119, for a total value of £499,800. 6.57% of the stock is currently owned by corporate insiders.

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.