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Corero Network Security (LON:CNS) Shares Cross Below 200 Day Moving Average - Should You Sell?

Corero Network Security logo with Computer and Technology background

Corero Network Security plc (LON:CNS - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 17.43 ($0.24) and traded as low as GBX 13.65 ($0.19). Corero Network Security shares last traded at GBX 14.40 ($0.20), with a volume of 230,610 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 23.50 ($0.32) target price on shares of Corero Network Security in a research report on Tuesday, April 1st.

Read Our Latest Research Report on CNS

Corero Network Security Stock Performance

The firm has a market capitalization of £94.23 million, a PE ratio of 116.72 and a beta of 0.46. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.75 and a quick ratio of 1.20. The stock has a 50-day moving average price of GBX 16.20 and a 200-day moving average price of GBX 17.31.

Insider Activity

In other Corero Network Security news, insider Carl Herberger bought 246,095 shares of the company's stock in a transaction dated Thursday, April 10th. The shares were acquired at an average cost of GBX 1,531 ($21.04) per share, with a total value of £3,767,714.45 ($5,177,565.55). Insiders own 77.54% of the company's stock.

About Corero Network Security

(Get Free Report)

Corero Network Security plc is a global leader in real-time, high-performance, automatic DDoS cyber defense solutions. Both Service and Hosting providers, alongside digital enterprises across the globe rely on Corero's award winning cybersecurity technology to eliminate the threat of Distributed Denial of Service (DDoS) to their digital environment through automatic attack detection and mitigation, coupled with network visibility, analytics and reporting.

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