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

Cerillion Plc (LON:CER - Get Free Report)'s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1,667.75 ($22.43) and traded as low as GBX 1,500 ($20.17). Cerillion shares last traded at GBX 1,500 ($20.17), with a volume of 19,204 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 2,350 ($31.60) price target on shares of Cerillion in a research report on Monday, May 19th.

Cerillion Stock Down 2.6%

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 firm's 50 day moving average price is GBX 1,667.75 and its two-hundred day moving average price is GBX 1,633.82. The firm has a market cap of £444.83 million, a price-to-earnings ratio of 31.62 and a beta of 0.90.

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

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.