Corero Network Security (LON:CNS) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of Corero Network Security plc (LON:CNS) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 19.92 ($0.26) and traded as low as GBX 16.50 ($0.21). Corero Network Security shares last traded at GBX 16.52 ($0.21), with a volume of 50,040 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 24 ($0.31) target price on shares of Corero Network Security in a research note on Tuesday, January 7th.

Corero Network Security Price Performance

The firm has a 50-day moving average of GBX 17.84 and a 200-day moving average of GBX 19.92. 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 has a market cap of £105.86 million, a PE ratio of 131.13 and a beta of 0.46.

Insider Activity

In other Corero Network Security news, insider Carl Herberger acquired 106,530 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was purchased at an average price of GBX 18 ($0.23) per share, for a total transaction of £19,175.40 ($24,819.31). Company 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.