Corero Network Security plc (LON:CNS - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 23.50 ($0.31) price target on shares of Corero Network Security in a research note on Tuesday, April 1st.
View Our Latest Analysis on Corero Network Security
Corero Network Security Trading Down 3.3%
The company has a 50 day simple moving average of GBX 17.08 and a 200 day simple moving average of GBX 18.96. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.20 and a current ratio of 1.75. The company has a market capitalization of £111.54 million, a PE ratio of 138.16 and a beta of 0.46.
Insiders Place Their Bets
In related news, insider Carl Herberger bought 246,095 shares of the stock in a transaction dated Thursday, April 10th. The shares were acquired at an average cost 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 company insiders.
About Corero Network Security
(
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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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