Corero Network Security (LON:CNS) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Corero Network Security plc (LON:CNS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 20.19 ($0.25) and traded as low as GBX 17 ($0.21). Corero Network Security shares last traded at GBX 17.50 ($0.22), with a volume of 192,532 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 24 ($0.30) price target on shares of Corero Network Security in a report on Tuesday, January 7th.

Corero Network Security Stock Performance

The company has a debt-to-equity ratio of 1.37, a current ratio of 1.75 and a quick ratio of 1.20. The stock’s 50-day moving average price is GBX 18.95 and its 200-day moving average price is GBX 20.19. The company has a market cap of £112.18 million, a P/E ratio of 138.95 and a beta of 0.46.

Insider Buying and Selling at Corero Network Security

In other Corero Network Security news, insider Carl Herberger purchased 106,530 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was acquired at an average price of GBX 18 ($0.23) per share, for a total transaction of £19,175.40 ($24,135.18). Insiders own 77.54% 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.