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

Corero Network Security plc (LON:CNS)’s share price 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 boosted their price target on Corero Network Security from GBX 19 to GBX 20 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Corero Network Security currently has a consensus rating of “Buy” and an average price target of GBX 20.

Corero Network Security Price Performance

The firm has a market cap of £56.85 million, a P/E ratio of -111.00 and a beta of 0.46. The firm’s 50-day moving average price is GBX 11.88 and its 200 day moving average price is GBX 11.58. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.13 and a quick ratio of 1.20.

Insider Activity at Corero Network Security

In other news, insider Jeremy Nicholls purchased 43,000 shares of the stock in a transaction dated Tuesday, May 5th. The stock was acquired at an average cost of GBX 12 per share, for a total transaction of £5,160. Insiders own 39.68% of the company’s stock.

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.