Cerillion (LON:CER) Stock Passes Below Fifty Day Moving Average – What’s Next?

Cerillion Plc (LON:CER) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 1,331.02 and traded as low as GBX 1,210. Cerillion shares last traded at GBX 1,251.74, with a volume of 158,941 shares traded.

Wall Street Analyst Weigh In

CER has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,575 price target on shares of Cerillion in a research report on Tuesday, June 2nd. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 2,250 price target on shares of Cerillion in a research report on Wednesday, April 22nd. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 2,015 price target on shares of Cerillion in a research report on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 1,972.

Cerillion Price Performance

The company has a debt-to-equity ratio of 6.60, a current ratio of 4.83 and a quick ratio of 2.75. The stock has a market cap of £357.74 million, a price-to-earnings ratio of 26.16 and a beta of 0.50. The business’s 50-day simple moving average is GBX 1,331.02 and its two-hundred day simple moving average is GBX 1,369.60.

Cerillion (LON:CER) last issued its earnings results on Monday, June 1st. The company reported GBX 14.10 earnings per share for the quarter. Cerillion had a net margin of 32.24% and a return on equity of 22.77%. The firm had revenue of GBX 1,801 million for the quarter. Research analysts expect that Cerillion Plc will post 53.0708661 earnings per share for the current year.

About Cerillion

Established in 1999, Cerillion provides mission-critical software for billing, charging and customer relationship management mainly for telecommunications providers, but also for other sectors, including energy and utilities.

Cerillion provides customers with a fully-integrated, functionally-rich product suite that provides a complete end-to-end solution. It offers customers a range of pre-integrated modules, which may be taken selectively for particular functions or together for a complete solution.