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

Shares of Corero Network Security plc (LON:CNS) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 20.42 ($0.25) and traded as low as GBX 18.66 ($0.23). Corero Network Security shares last traded at GBX 19 ($0.24), with a volume of 3,029 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 24 ($0.30) price objective on shares of Corero Network Security in a research note on Tuesday, January 7th.

Corero Network Security Stock Performance

The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.20 and a current ratio of 1.75. The company has a market capitalization of £97.31 million, a P/E ratio of 675.00 and a beta of 0.46. The stock’s fifty day moving average price is GBX 19.88 and its 200-day moving average price is GBX 20.42.

Insider Buying and Selling

In other news, insider Carl Herberger bought 106,530 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were bought at an average price of GBX 18 ($0.22) per share, with a total value of £19,175.40 ($23,873.75). 77.54% of the stock is owned by insiders.

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.