NCC Group (LON:NCC) Trading 10.2% Higher After Dividend Announcement

NCC Group plc (LON:NCC) shot up 10.2% on Friday following a dividend announcement from the company. The company traded as high as GBX 159.80 ($2.06) and last traded at GBX 159.80 ($2.06). 372,794 shares traded hands during trading, a decline of 47% from the average session volume of 699,660 shares. The stock had previously closed at GBX 145 ($1.87).

The newly announced dividend which will be paid on Friday, October 4th. Shareholders of record on Thursday, September 5th will be given a GBX 3.15 ($0.04) dividend. The ex-dividend date is Thursday, September 5th. This is a boost from NCC Group’s previous dividend of $1.50. This represents a yield of 2.13%. NCC Group’s payout ratio is -10,000.00%.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “buy” rating on shares of NCC Group in a research report on Thursday.

NCC Group Trading Up 8.1 %

The business’s 50-day simple moving average is GBX 147.91 and its 200-day simple moving average is GBX 134.11. The company has a market cap of £491.55 million, a PE ratio of -3,136.00 and a beta of 0.76. The company has a current ratio of 0.80, a quick ratio of 0.97 and a debt-to-equity ratio of 38.05.

NCC Group Company Profile

NCC Group plc engages in the cyber and software resilience business in the United Kingdom, the Asian-Pacific, North America, and Europe. The company operates in two segments, Cyber Security and Software Resilience. It offers assessment and advisory services, which include risk management, supply chain risk, cloud and infrastructure, application and security software, mobile, managed vulnerability scanning, hardware and embedded systems, and cryptography, as well as calibrator and cyber security review solutions.