Celebrus Technologies (LON:CLBS) Hits New 1-Year High – Should You Buy?

Celebrus Technologies plc (LON:CLBS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 305 ($3.84) and last traded at GBX 300 ($3.78), with a volume of 26530 shares trading hands. The stock had previously closed at GBX 300 ($3.78).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 330 ($4.16) target price on shares of Celebrus Technologies in a research note on Friday, October 25th.

Celebrus Technologies Price Performance

The business has a 50 day moving average price of GBX 286.63 and a 200 day moving average price of GBX 251.42. The stock has a market capitalization of £118.32 million, a PE ratio of 3,000.00 and a beta of 1.34.

Insider Activity at Celebrus Technologies

In other news, insider Ashoni (Ash) Kumar Mehta sold 34,383 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of GBX 275 ($3.46), for a total transaction of £94,553.25 ($119,069.70). 15.45% of the stock is currently owned by insiders.

Celebrus Technologies Company Profile

Celebrus Technologies plc, together with its subsidiaries, provides information technology products and services. It offers Celebrus, a suite of data-driven solutions for data capture, fraud and scams, and data management solutions. The company provides services that are focused on delivering data management solutions using public and private cloud infrastructure; and fraud detection and prevention services through fraud data platform.