NCC Group (LON:NCC) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

NCC Group plc (LON:NCC)’s share price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 132.96 and traded as high as GBX 142.60. NCC Group shares last traded at GBX 142, with a volume of 470,977 shares.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 150 target price on shares of NCC Group in a research note on Friday, June 26th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 162.50.

NCC Group Trading Up 1.0%

The company has a market capitalization of £392.13 million, a price-to-earnings ratio of 47.33 and a beta of 0.66. The company has a debt-to-equity ratio of 34.83, a quick ratio of 0.97 and a current ratio of 1.90. The business’s 50-day simple moving average is GBX 139.31 and its 200-day simple moving average is GBX 132.96.

NCC Group announced that its Board of Directors has approved a stock repurchase plan on Monday, September 7th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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. 2,000 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. With decades of experience and a rich heritage,
NCC Group is committed to developing sustainable solutions that continue to meet client’s current and future cyber security challenges.