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Cerillion (LON:CER) Stock Passes Above 50 Day Moving Average - Here's Why

Cerillion logo with Computer and Technology background

Cerillion Plc (LON:CER - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 1,520.49 ($20.36) and traded as high as GBX 1,835 ($24.57). Cerillion shares last traded at GBX 1,835 ($24.57), with a volume of 13,790 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a "speculative buy" rating and set a GBX 2,350 ($31.47) target price on shares of Cerillion in a research report on Monday.

Check Out Our Latest Stock Analysis on CER

Cerillion Stock Performance

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 firm has a market cap of £524.90 million, a PE ratio of 37.31 and a beta of 0.90. The stock's 50 day moving average price is GBX 1,535.95 and its 200 day moving average price is GBX 1,647.50.

Cerillion (LON:CER - Get Free Report) last released its quarterly earnings data on Monday, May 19th. The company reported GBX 23.90 ($0.32) EPS for the quarter. Cerillion had a return on equity of 30.92% and a net margin of 34.15%. As a group, equities analysts forecast that Cerillion Plc will post 53.0708661 earnings per share for the current fiscal year.

Cerillion Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, January 16th were issued a GBX 9.20 ($0.12) dividend. This represents a yield of 0.49%. The ex-dividend date of this dividend was Thursday, January 16th. This is a boost from Cerillion's previous dividend of $4.00. Cerillion's dividend payout ratio is currently 25.30%.

About Cerillion

(Get Free Report)

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.

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