Corero Network Security (LON:CNS) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Corero Network Security plc (LON:CNS) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 20.33 ($0.25) and traded as low as GBX 16 ($0.20). Corero Network Security shares last traded at GBX 16.10 ($0.20), with a volume of 169,281 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated 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 Price Performance

The company has a current ratio of 1.75, a quick ratio of 1.20 and a debt-to-equity ratio of 1.37. The business’s fifty day moving average is GBX 19.29 and its 200 day moving average is GBX 20.28. The company has a market cap of £85.43 million, a P/E ratio of 675.00 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 company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were bought at an average cost of GBX 18 ($0.22) per share, for a total transaction of £19,175.40 ($23,787.87). Corporate 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.