Cerillion (LON:CER) Shares Pass Below 50-Day Moving Average - Here's Why

Key Points

• Cerillion Plc shares fell below their fifty-day moving average, trading as low as GBX 1,433 ($19.28) compared to the average of GBX 1,511.27 ($20.33).
• The company has been rated a "speculative buy" by Canaccord Genuity Group, with a price target of GBX 2,350, despite the current stock dip of 6.8%.
• Cerillion reported earnings of GBX 23.90 per share for the last quarter, with a net margin of 34.15% and a return on equity of 30.92%.

Cerillion Plc (LON:CER - Get Free Report)'s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 1,511.27 ($20.44) and traded as low as GBX 1,433 ($19.38). Cerillion shares last traded at GBX 1,555 ($21.03), with a volume of 15,816 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a "speculative buy" rating and issued a GBX 2,350 price objective on shares of Cerillion in a research report on Monday, May 19th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of GBX 2,350.

Cerillion Trading Down 2.4%

The stock has a market capitalization of £419.62 million, a P/E ratio of 29.83 and a beta of 0.90. The company has a current ratio of 4.13, a quick ratio of 2.75 and a debt-to-equity ratio of 5.77. The company has a 50-day moving average price of GBX 1,505.67 and a 200 day moving average price of GBX 1,568.37.

About Cerillion

Established in 1999, Cerillion provides mission-critical software for billing, charging and customer relationship management mainly for telecommunications providers, but also for other sectors, including energy and utilities. Cerillion provides customers with a fully-integrated, functionally-rich product suite that provides a complete end-to-end solution.