Cerillion (LON:CER) Share Price Passes Below Fifty Day Moving Average - Here's What Happened

Key Points

• Cerillion's stock has traded below its fifty-day moving average, indicating potential performance concerns, with the current trading price at GBX 1,400 ($18.90) compared to a fifty-day average of GBX 1,493.42 ($20.17).
• Analysts at Canaccord Genuity Group maintain a "speculative buy" rating for Cerillion, with a target price set at GBX 2,350, reflecting confidence in future growth.
• The company's debt-to-equity ratio stands at 5.77, indicating high leverage, while it has a relatively high market capitalization of £413.01 million.

Cerillion Plc (LON:CER - Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 1,493.42 ($20.00) and traded as low as GBX 1,390 ($18.62). Cerillion shares last traded at GBX 1,400 ($18.75), with a volume of 34,939 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated 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 analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 2,350.

Cerillion Price Performance

The company has a debt-to-equity ratio of 5.77, a current ratio of 4.13 and a quick ratio of 2.75. The company's 50-day moving average price is GBX 1,488.98 and its 200-day moving average price is GBX 1,554.34. The company has a market cap of £427.76 million, a P/E ratio of 3,014.55 and a beta of 0.90.

Cerillion Company Profile

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.