NCC Group (LON:NCC) Stock Price Passes Above 200 Day Moving Average – What’s Next?

NCC Group plc (LON:NCC) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 146.66 ($1.96) and traded as high as GBX 158.40 ($2.12). NCC Group shares last traded at GBX 157.80 ($2.11), with a volume of 2,050,374 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “buy” rating and set a GBX 175 price objective on shares of NCC Group in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 175.

NCC Group Trading Up 1.1%

The company’s 50 day simple moving average is GBX 145.28 and its 200 day simple moving average is GBX 146.66. The firm has a market cap of £489.08 million, a price-to-earnings ratio of -19.95 and a beta of 0.77. The company has a debt-to-equity ratio of 37.15, a current ratio of 0.74 and a quick ratio of 0.97.

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.