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

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 19.99 ($0.25) and traded as low as GBX 19.42 ($0.24). Corero Network Security shares last traded at GBX 20.40 ($0.25), with a volume of 26,051 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 23.50 ($0.29) target price on shares of Corero Network Security in a research report on Tuesday, September 24th.

Corero Network Security Price Performance

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 company has a market capitalization of £99.32 million, a price-to-earnings ratio of 675.00 and a beta of 0.46. The stock's 50-day simple moving average is GBX 21.53 and its two-hundred day simple moving average is GBX 20.02.

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.