Corero Network Security (LON:CNS) Stock Crosses Below 200-Day Moving Average - Should You Sell?

Corero Network Security plc (LON:CNS - Get Free Report) shares 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 reissued 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 Stock Performance

The company has a debt-to-equity ratio of 1.37, a current ratio of 1.75 and a quick ratio of 1.20. The company has a market cap of £106.09 million, a price-to-earnings ratio of 131.41 and a beta of 0.46. The stock has a 50-day moving average price of GBX 17.94 and a 200 day moving average price of GBX 20.01.

Insiders Place Their Bets

In other news, insider Carl Herberger bought 106,530 shares of the stock in a transaction on Tuesday, January 21st. The stock was purchased at an average price of GBX 18 ($0.23) per share, for a total transaction of £19,175.40 ($24,761.62). 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.