Corero Network Security (LON:CNS) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Corero Network Security plc (LON:CNS) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 19.99 ($0.25) and traded as low as GBX 19.42 ($0.24). Corero Network Security shares last traded at GBX 20.40 ($0.25), with a volume of 26,051 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 23.50 ($0.29) target price on shares of Corero Network Security in a report on Tuesday, September 24th.

Corero Network Security Price Performance

The company has a quick ratio of 1.20, a current ratio of 1.75 and a debt-to-equity ratio of 1.37. The stock has a market cap of £102.47 million, a PE ratio of 675.00 and a beta of 0.46. The business’s 50-day simple moving average is GBX 21.53 and its 200-day simple moving average is GBX 20.02.

Corero Network Security Company Profile

Corero Network Security plc is a global leader in real-time, high-performance, automatic DDoS cyber defense solutions. Both Service and Hosting providers, alongside digital enterprises across the globe rely on Corero’s award winning cybersecurity technology to eliminate the threat of Distributed Denial of Service (DDoS) to their digital environment through automatic attack detection and mitigation, coupled with network visibility, analytics and reporting.