NCC Group (LON:NCC) Stock Price Up 8.4% – Should You Buy?

NCC Group plc (LON:NCC) shares were up 8.4% during trading on Thursday . The company traded as high as GBX 158.40 ($2.12) and last traded at GBX 157.80 ($2.11). Approximately 2,050,374 shares traded hands during mid-day trading, an increase of 24% from the average daily volume of 1,647,570 shares. The stock had previously closed at GBX 145.60 ($1.95).

Analyst Ratings Changes

Separately, Shore Capital reissued a “buy” rating and issued a GBX 175 price objective on shares of NCC Group in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 175.

NCC Group Trading Down 0.1%

The business’s 50-day moving average price is GBX 145.28 and its 200 day moving average price is GBX 146.66. The company has a market cap of £482.96 million, a P/E ratio of -19.70 and a beta of 0.77. The company has a debt-to-equity ratio of 37.15, a quick ratio of 0.97 and a current ratio of 0.74.

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.