Cerillion (LON:CER) Trading Down 0.7% - Here's What Happened

Cerillion Plc (LON:CER - Get Free Report) was down 0.7% during trading on Monday . The stock traded as low as GBX 1,490 ($20.01) and last traded at GBX 1,500 ($20.14). Approximately 44,550 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 85,796 shares. The stock had previously closed at GBX 1,510 ($20.27).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and set a GBX 2,350 ($31.55) price target on shares of Cerillion in a report on Monday, May 19th.

Cerillion Stock Down 0.7%

The firm's 50-day simple moving average is GBX 1,685.31 and its 200-day simple moving average is GBX 1,601.03. The company has a debt-to-equity ratio of 5.77, a quick ratio of 2.75 and a current ratio of 4.13. The company has a market capitalization 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 released its earnings results 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%. Sell-side analysts forecast that Cerillion Plc will post 53.0708661 earnings per share for the current year.

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.

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