Cerillion (LON:CER) Shares Down 13.5% - Here's Why

Shares of Cerillion Plc (LON:CER - Get Free Report) fell 13.5% during mid-day trading on Thursday . The company traded as low as GBX 1,588 ($21.62) and last traded at GBX 1,644 ($22.38). 135,237 shares changed hands during trading, an increase of 115% from the average session volume of 62,794 shares. The stock had previously closed at GBX 1,900 ($25.87).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a "speculative buy" rating and set a GBX 2,350 ($31.99) price objective on shares of Cerillion in a research report on Monday, May 19th.

Cerillion Stock Down 17.4%

The company has a market cap of £465.59 million, a P/E ratio of 33.09 and a beta of 0.90. The stock's 50-day moving average price is GBX 1,645.59 and its 200-day moving average price is GBX 1,646.70. The company has a current ratio of 4.13, a quick ratio of 2.75 and a debt-to-equity ratio of 5.77.

Cerillion (LON:CER - Get Free Report) last released its quarterly earnings data on Monday, May 19th. The company reported GBX 23.90 ($0.33) earnings per share (EPS) for the quarter. Cerillion had a net margin of 34.15% and a return on equity of 30.92%. As a group, research analysts forecast that Cerillion Plc will post 53.0708661 EPS for the current 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.