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

Corero Network Security plc (LON:CNS - Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 20.42 ($0.25) and traded as low as GBX 18.66 ($0.23). Corero Network Security shares last traded at GBX 19 ($0.24), with a volume of 3,029 shares trading hands.

Analyst Ratings Changes

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

Corero Network Security Stock Up 1.6 %

The firm has a market cap of £96.29 million, a P/E ratio of 675.00 and a beta of 0.46. The firm has a fifty day moving average of GBX 19.88 and a 200-day moving average of GBX 20.42. The company has a quick ratio of 1.20, a current ratio of 1.75 and a debt-to-equity ratio of 1.37.

Insider Buying and Selling

In related news, insider Carl Herberger acquired 106,530 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was purchased at an average cost of GBX 18 ($0.22) per share, for a total transaction of £19,175.40 ($23,814.46). 77.54% of the stock is owned by corporate insiders.

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.