Corero Network Security (LON:CNS) Share Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Corero Network Security plc (LON:CNS - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 19.70 ($0.26) and traded as low as GBX 13.65 ($0.18). Corero Network Security shares last traded at GBX 13.76 ($0.18), with a volume of 488,783 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 23.50 ($0.31) target price on shares of Corero Network Security in a report on Tuesday, April 1st.

Corero Network Security Trading Up 0.3 %

The business has a 50-day moving average of GBX 17.06 and a 200-day moving average of GBX 19.59. 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 stock has a market capitalization of £102.56 million, a price-to-earnings ratio of 127.04 and a beta of 0.46.

Insider Buying and Selling at Corero Network Security

In other news, insider Carl Herberger purchased 246,095 shares of the firm's stock in a transaction dated Thursday, April 10th. The shares were acquired at an average price of GBX 1,531 ($20.03) per share, with a total value of £3,767,714.45 ($4,929,627.70). 77.54% of the stock is owned by company insiders.

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.