Netcall (LON:NET) Earns “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Netcall (LON:NET) in a research note issued to investors on Tuesday morning,Digital Look reports. The firm currently has a GBX 130 ($1.65) price objective on the stock.

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 130 ($1.65) price target on shares of Netcall in a research note on Tuesday.

Netcall Trading Up 0.5 %

Shares of LON NET traded up GBX 0.50 ($0.01) during trading hours on Tuesday, reaching GBX 101.50 ($1.29). The stock had a trading volume of 85,228 shares, compared to its average volume of 226,260. Netcall has a 52-week low of GBX 81 ($1.03) and a 52-week high of GBX 106 ($1.35). The firm has a market cap of £167.38 million, a price-to-earnings ratio of 3,383.33 and a beta of 0.23. The business’s fifty day moving average price is GBX 96.15 and its two-hundred day moving average price is GBX 92.41. 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 announced a dividend, which will be paid on Friday, February 7th. Shareholders of record on Tuesday, December 24th will be issued a dividend of GBX 0.89 ($0.01) per share. The ex-dividend date is Tuesday, December 24th. This represents a yield of 1.04%. This is a positive change from Netcall’s previous dividend of $0.83. Netcall’s dividend payout ratio is currently 3,333.33%.

Insider Activity

In related news, insider Michael Jackson sold 100,000 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of GBX 82 ($1.04), for a total transaction of £82,000 ($104,246.12). Also, 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 ($1.14), for a total value of £144,000 ($183,066.36). Company insiders own 11.47% of the company’s stock.

About Netcall

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.