NCC Group (LON:NCC) Stock Price Up 8.4% – Here’s What Happened

NCC Group plc (LON:NCC) rose 8.4% during mid-day trading on Wednesday . 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 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 reaffirmed a “buy” rating and set a GBX 175 price target on shares of NCC Group in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 175.

NCC Group Price Performance

The company has a current ratio of 0.74, a quick ratio of 0.97 and a debt-to-equity ratio of 37.15. The firm has a market capitalization of £483.26 million, a PE ratio of -19.71 and a beta of 0.77. The company has a fifty day moving average price of GBX 145.28 and a two-hundred day moving average price of GBX 146.66.

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.