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

Corero Network Security plc (LON:CNS - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 19.38 ($0.26) and traded as low as GBX 17.65 ($0.23). Corero Network Security shares last traded at GBX 18 ($0.24), with a volume of 93,740 shares trading hands.

Wall Street Analyst Weigh In

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

Corero Network Security Price Performance

The business has a 50 day simple moving average of GBX 17.18 and a two-hundred day simple moving average of GBX 19.21. The firm has a market capitalization of £116.67 million, a P/E ratio of 144.51 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.

Insider Buying and Selling

In other news, insider Carl Herberger purchased 246,095 shares of the company's stock in a transaction on Thursday, April 10th. The stock was purchased at an average price of GBX 1,531 ($20.32) per share, with a total value of £3,767,714.45 ($4,999,621.09). 77.54% of the stock is owned by company 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.