NCC Group (LON:NCC) Shares Cross Below 200-Day Moving Average – Here’s Why

NCC Group plc (LON:NCC)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 145.77 and traded as low as GBX 140. NCC Group shares last traded at GBX 140, with a volume of 483,778 shares.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “buy” rating and set a GBX 175 price objective on shares of NCC Group in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 175.

NCC Group Price Performance

The firm’s 50 day simple moving average is GBX 145.38 and its 200 day simple moving average is GBX 145.77. The stock has a market capitalization of £429.02 million, a PE ratio of -17.50 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.

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.