Corero Network Security (LON:CNS) Stock Price Down 33.6% - Time to Sell?

Corero Network Security plc (LON:CNS - Get Free Report)'s share price dropped 33.6% on Wednesday . The company traded as low as GBX 9.33 ($0.13) and last traded at GBX 9.80 ($0.13). Approximately 1,107,530 shares traded hands during trading, an increase of 335% from the average daily volume of 254,542 shares. The stock had previously closed at GBX 14.75 ($0.20).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued 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.

Corero Network Security Stock Up 5.1%

The company has a market capitalization of £58.97 million, a PE ratio of 73.05 and a beta of 0.46. 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 stock's 50 day moving average is GBX 15.08 and its 200 day moving average is GBX 16.73.

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.