NCC Group (LON:NCC) Sees Modest Increase in Stock Price Amid Lower Trading Volume

December 10, 2024 12:00 AM GMT | By Team Kalkine Media
 NCC Group (LON:NCC) Sees Modest Increase in Stock Price Amid Lower Trading Volume
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Highlights

  • NCC Group (NCC) shares up 0.1% in Monday's trading.
  • Trading volume decreased by 43% compared to the average daily volume.
  • Insider transactions reported with notable share sales by company executives.

NCC Group's Modest Gain Amid Low Trading Activity

NCC Group plc (LON:NCC), a leader in cyber and software resilience, saw a slight increase of 0.1% in its stock price during Monday's trading session. The stock reached a peak of GBX 166.40 but ended the session at GBX 162.40, reflecting minimal price movement. Despite this modest gain, the company experienced a notable decline in trading volume, with 464,444 shares exchanged, a 43% drop from the usual daily volume of 821,326 shares. The previous trading session closed at GBX 162.20. As part of the broader LON technology stocks, NCC Group continues to operate within the rapidly evolving cyber and software resilience market, catering to a global client base across multiple sectors.

The stock's price movement is accompanied by its financial metrics, with a debt-to-equity ratio of 37.15, a quick ratio of 0.97, and a current ratio of 0.75. The market capitalization of NCC Group stands at £509.71 million, with a price-to-earnings ratio of -2,030.00 and a beta of 0.77. The stock's 50-day moving average is GBX 161.27, while the 200-day moving average is GBX 155.83, indicating some stability in its price over the medium term.

In addition to the stock's performance, there have been notable insider transactions. On October 11th, insider Guy Ellis sold 10,248 shares at an average price of GBX 166, totaling a transaction value of approximately £17,011.68. Furthermore, on September 16th, insider Mike Maddison sold 104,707 shares at an average price of GBX 168, amounting to a transaction of £175,907.76. These transactions highlight the involvement of corporate insiders in the trading activity, with insiders holding around 5.57% of the company’s shares.

NCC Group operates in the cybersecurity and software resilience sectors across multiple regions, including the UK, Europe, North America, and the Asia-Pacific. The company provides services such as risk management, cloud infrastructure, and cryptography, alongside other specialized cybersecurity and software solutions. This diverse range of services places NCC Group at the forefront of the growing demand for digital security.


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