Netcall (LON:NET) Reaches New 52-Week High – Here’s What Happened

Shares of Netcall plc (LON:NET) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 115 ($1.43) and last traded at GBX 111.90 ($1.39), with a volume of 463627 shares changing hands. The stock had previously closed at GBX 107.65 ($1.34).

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NET. Canaccord Genuity Group restated a “buy” rating and set a GBX 130 ($1.62) price target on shares of Netcall in a report on Tuesday, December 17th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 130 ($1.62) target price on shares of Netcall in a research note on Tuesday, December 17th.

Netcall Trading Up 3.9 %

The firm’s 50-day moving average price is GBX 100.52 and its 200 day moving average price is GBX 94.15. The company has a market cap of £184.53 million, a price-to-earnings ratio of 3,730.00 and a beta of 0.23. The company has a current ratio of 1.24, a quick ratio of 0.88 and a debt-to-equity ratio of 1.39.

Netcall Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, February 7th. Shareholders of record on Tuesday, December 24th will be issued a GBX 0.89 ($0.01) dividend. This represents a yield of 1.04%. This is a boost from Netcall’s previous dividend of $0.83. The ex-dividend date is Tuesday, December 24th. Netcall’s dividend payout ratio (DPR) is presently 3,333.33%.

Insider Activity

In related news, insider Henrik Bang sold 160,000 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of GBX 90 ($1.12), for a total value of £144,000 ($178,948.68). Also, insider Michael Jackson sold 100,000 shares of Netcall stock in a transaction on Thursday, October 24th. The shares were sold at an average price of GBX 82 ($1.02), for a total value of £82,000 ($101,901.33). Company insiders own 11.47% of the company’s stock.

Netcall Company Profile

Netcall plc engages in the design, development, sale, and support of software products and services in the United Kingdom and internationally. It offers Liberty Create, a low-code development platform for producing applications that automate and transform the business and customer experience; Liberty RPA, an AI-powered robotic process automation; Liberty AI, a machine learning solution that predicts outcomes and improves business decision making; and Liberty Converse, an omnichannel contact center and customer engagement management solution.