Corero Network Security (LON:CNS) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Corero Network Security plc (LON:CNS)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 20.13 ($0.25) and traded as low as GBX 17.50 ($0.22). Corero Network Security shares last traded at GBX 18.25 ($0.23), with a volume of 360,085 shares.

Analyst Upgrades and Downgrades

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

Corero Network Security Price Performance

The company has a market cap of £114.26 million, a P/E ratio of 141.53 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. The firm’s fifty day moving average is GBX 18.58 and its two-hundred day moving average is GBX 20.13.

Insiders Place Their Bets

In related news, insider Carl Herberger purchased 106,530 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were acquired at an average price of GBX 18 ($0.23) per share, for a total transaction of £19,175.40 ($24,199.14). Corporate insiders own 77.54% of the company’s stock.

About Corero Network Security

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.