Corero Network Security plc (LON:CNS - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 19.92 ($0.26) and traded as low as GBX 16.50 ($0.21). Corero Network Security shares last traded at GBX 16.52 ($0.21), with a volume of 50,040 shares traded.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 23.50 ($0.31) target price on shares of Corero Network Security in a research note on Tuesday.
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Corero Network Security Price Performance
The firm has a market capitalization of £105.73 million, a P/E ratio of 130.97 and a beta of 0.46. The business's 50-day simple moving average is GBX 17.72 and its 200 day simple moving average is GBX 19.87. 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 Activity
In related news, insider Carl Herberger bought 106,530 shares of the stock in a transaction dated Tuesday, January 21st. The stock was bought at an average price of GBX 18 ($0.23) per share, with a total value of £19,175.40 ($24,899.88). 77.54% of the stock is owned by corporate insiders.
About Corero Network Security
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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.
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