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

Corero Network Security plc (LON:CNS) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 11.58 and traded as low as GBX 11.08. Corero Network Security shares last traded at GBX 11.10, with a volume of 180,585 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised their target price on shares of Corero Network Security from GBX 19 to GBX 20 and gave the stock a “buy” rating in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 20.

Corero Network Security Stock Performance

The company has a current ratio of 1.13, a quick ratio of 1.20 and a debt-to-equity ratio of 2.47. The company’s 50-day moving average is GBX 11.88 and its two-hundred day moving average is GBX 11.58. The stock has a market capitalization of £56.85 million, a P/E ratio of -111.00 and a beta of 0.46.

Insider Buying and Selling at Corero Network Security

In other Corero Network Security news, insider Jeremy Nicholls purchased 43,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were bought at an average price of GBX 12 per share, with a total value of £5,160. Company insiders own 39.68% of the company’s stock.

About Corero Network Security

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.