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

Corero Network Security plc (LON:CNS) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Wall Street Analyst Weigh In

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

Corero Network Security Trading Up 1.4 %

The firm has a market capitalization of £112.18 million, a PE ratio of 138.95 and a beta of 0.46. The company has a quick ratio of 1.20, a current ratio of 1.75 and a debt-to-equity ratio of 1.37. The stock’s fifty day simple moving average is GBX 18.95 and its 200 day simple moving average is GBX 20.19.

Insider Transactions at Corero Network Security

In other Corero Network Security news, insider Carl Herberger acquired 106,530 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was acquired at an average cost of GBX 18 ($0.23) per share, with a total value of £19,175.40 ($24,135.18). 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.