Corero Network Security (LON:CNS) Shares Cross Below 200 Day Moving Average - What's Next?

Key Points

• Corero Network Security plc (LON:CNS) has crossed below its 200-day moving average of GBX 15, now trading at GBX 9.50, signaling potential concerns for investors.
• The company has a market cap of £48.66 million and a notably high price-to-earnings ratio of 9,500.00, indicating potential overvaluation.
• Insider Chris Goulden demonstrated confidence in the company by purchasing 220,264 shares at an average cost of GBX 9 per share, totaling approximately £19,824.

Corero Network Security plc (LON:CNS - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 15 ($0.20) and traded as low as GBX 9.50 ($0.13). Corero Network Security shares last traded at GBX 9.50 ($0.13), with a volume of 427,106 shares.

Corero Network Security Stock Performance

The stock has a market cap of £51.22 million, a PE ratio of 10,000.00 and a beta of 0.46. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.75 and a quick ratio of 1.20. The firm has a 50 day moving average of GBX 11.30 and a two-hundred day moving average of GBX 14.89.

Insider Transactions at Corero Network Security

In related news, insider Chris Goulden bought 220,264 shares of the company's stock in a transaction on Friday, July 18th. The stock was bought at an average cost of GBX 9 per share, with a total value of £19,823.76. 39.64% 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.