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

Corero Network Security plc (LON:CNS - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 18.21 ($0.25) and traded as low as GBX 15.50 ($0.21). Corero Network Security shares last traded at GBX 15.56 ($0.21), with a volume of 164,425 shares trading hands.

Analysts Set New Price Targets

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

Corero Network Security Price Performance

The company has a market cap of £99.36 million, a P/E ratio of 123.07 and a beta of 0.46. The company has a fifty day simple moving average of GBX 16.68 and a 200-day simple moving average of GBX 18.19. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.75 and a quick ratio of 1.20.

Insider Buying and Selling at Corero Network Security

In other news, insider Carl Herberger bought 246,095 shares of the business's stock in a transaction on Thursday, April 10th. The shares were bought at an average cost of GBX 1,531 ($20.75) per share, with a total value of £3,767,714.45 ($5,105,996.00). 77.54% of the stock is owned by corporate insiders.

Corero Network Security Company Profile

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.