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

Corero Network Security plc (LON:CNS)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 20.01 ($0.26) and traded as low as GBX 17.12 ($0.22). Corero Network Security shares last traded at GBX 17.20 ($0.22), with a volume of 138,137 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued 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 price of GBX 17.99 and a two-hundred day moving average price of GBX 20.01. The company has a market cap of £110.26 million, a P/E ratio of 136.57 and a beta of 0.46. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.20 and a current ratio of 1.75.

Insider Buying and Selling

In related news, insider Carl Herberger acquired 106,530 shares of Corero Network Security stock in a transaction dated Tuesday, January 21st. The shares were purchased at an average cost of GBX 18 ($0.23) per share, with a total value of £19,175.40 ($24,864.37). 77.54% of the stock is owned by company insiders.

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.