Corero Network Security (LON:CNS) Stock Price Passes Below Two Hundred Day Moving Average - Here's Why

Corero Network Security plc (LON:CNS - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 19.51 ($0.26) and traded as low as GBX 17 ($0.23). Corero Network Security shares last traded at GBX 17.36 ($0.23), with a volume of 164,060 shares trading hands.

Analysts Set New Price Targets

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

Corero Network Security Trading Up 2.9 %

The company has a 50-day simple moving average of GBX 17.18 and a 200-day simple moving average of GBX 19.41. 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 has a market cap of £115.38 million, a P/E ratio of 142.92 and a beta of 0.46.

Insider Activity

In other Corero Network Security news, insider Carl Herberger purchased 246,095 shares of the stock in a transaction dated Thursday, April 10th. The stock was bought at an average price of GBX 1,531 ($20.36) per share, for a total transaction of £3,767,714.45 ($5,010,924.92). 77.54% of the stock is currently 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.