Corero Network Security (LON:CNS) Shares Cross Below 200-Day Moving Average – Here’s Why

Corero Network Security plc (LON:CNS)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 11.06 and traded as low as GBX 7. Corero Network Security shares last traded at GBX 7.48, with a volume of 449,049 shares changing hands.

Corero Network Security Price Performance

The company has a quick ratio of 1.20, a current ratio of 1.13 and a debt-to-equity ratio of 2.47. The firm has a market cap of £38.31 million, a P/E ratio of -74.80 and a beta of 0.46. The business has a fifty day moving average of GBX 9.06 and a 200 day moving average of GBX 11.06.

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. Corero’s industry leading SmartWall and SecureWatch technology provides scalable protection capabilities against external DDoS attackers and internal DDoS botnets in the most complex edge and subscriber environments, while enabling a more cost-effective economic model than previously available.