Cerillion (LON:CER) Trading Down 1.8% - Should You Sell?

Key Points

• Cerillion Plc's share price decreased by 1.8% to GBX 1,395 ($18.70), with trading volume down 53% from its average.
• Analysts have set a target price of GBX 2,350 and maintained a "buy" rating for Cerillion, indicating confidence in the company's growth potential.
• Cerillion's financial metrics include a quick ratio of 2.75 and a market capitalization of £411.54 million, highlighting its solid financial position.

Cerillion Plc (LON:CER - Get Free Report)'s share price dropped 1.8% during trading on Monday . The company traded as low as GBX 1,380 ($18.50) and last traded at GBX 1,395 ($18.70). Approximately 33,997 shares changed hands during trading, a decline of 53% from the average daily volume of 71,781 shares. The stock had previously closed at GBX 1,420 ($19.03).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 2,350 target price on shares of Cerillion in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of GBX 2,350.

Cerillion Stock Down 1.8%

The company has a quick ratio of 2.75, a current ratio of 4.13 and a debt-to-equity ratio of 5.77. The company has a market capitalization of £411.54 million, a price-to-earnings ratio of 29.00 and a beta of 0.90. The business has a fifty day simple moving average of GBX 1,451.50 and a two-hundred day simple moving average of GBX 1,537.42.

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.

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