Corero Network Security (LON:CNS) Share Price Passes Below 200 Day Moving Average - Time to Sell?

Corero Network Security plc (LON:CNS - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 19.13 ($0.25) and traded as low as GBX 17.40 ($0.23). Corero Network Security shares last traded at GBX 18 ($0.24), with a volume of 90,670 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 23.50 ($0.31) target price on shares of Corero Network Security in a research report on Tuesday, April 1st.

Corero Network Security Price Performance

The company has a current ratio of 1.75, a quick ratio of 1.20 and a debt-to-equity ratio of 1.37. The stock has a 50 day simple moving average of GBX 17.08 and a 200 day simple moving average of GBX 18.99. The firm has a market capitalization of £115.38 million, a PE ratio of 142.92 and a beta of 0.46.

Insider Buying and Selling

In other Corero Network Security news, insider Carl Herberger purchased 246,095 shares of Corero Network Security stock in a transaction that occurred on Thursday, April 10th. The shares were bought at an average price of GBX 1,531 ($20.34) per share, for a total transaction of £3,767,714.45 ($5,006,264.22). 77.54% of the stock is owned by insiders.

About Corero Network Security

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.