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

Shares of Corero Network Security plc (LON:CNS - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 20.09 ($0.26) and traded as low as GBX 18.26 ($0.24). Corero Network Security shares last traded at GBX 18.26 ($0.24), with a volume of 8,120 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 24 ($0.31) price target on shares of Corero Network Security in a research report 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 has a 50-day moving average price of GBX 18.14 and a 200 day moving average price of GBX 20.06. The stock has a market cap of £110.13 million, a PE ratio of 136.41 and a beta of 0.46.

Insider Activity

In related news, insider Carl Herberger acquired 106,530 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average price of GBX 18 ($0.23) per share, with a total value of £19,175.40 ($24,803.26). 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.