NCC Group (LON:NCC) Sets New 12-Month High – Here’s Why

NCC Group plc (LON:NCC) hit a new 52-week high during trading on Friday. The company traded as high as GBX 165.40 and last traded at GBX 165, with a volume of 10,909,099 shares trading hands. The stock had previously closed at GBX 157.

NCC Group Price Performance

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 company’s fifty day simple moving average is GBX 143.02 and its two-hundred day simple moving average is GBX 137.30. The stock has a market capitalization of £255.39 million, a PE ratio of 55.00 and a beta of 0.66.

NCC Group announced that its board has approved a stock repurchase plan on Monday, September 7th that allows the company to buy back 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are 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.