Corero Network Security (LON:CNS) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Corero Network Security plc (LON:CNS)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 19.92 ($0.26) and traded as low as GBX 16.50 ($0.21). Corero Network Security shares last traded at GBX 16.52 ($0.21), with a volume of 50,040 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 24 ($0.31) target price on shares of Corero Network Security in a research note on Tuesday, January 7th.

Corero Network Security Trading Down 2.6 %

The company has a market cap of £105.86 million, a P/E ratio of 131.13 and a beta of 0.46. The business has a 50 day moving average price of GBX 17.84 and a 200-day moving average price of GBX 19.92. The company has a current ratio of 1.75, a quick ratio of 1.20 and a debt-to-equity ratio of 1.37.

Insider Buying and Selling

In related news, insider Carl Herberger purchased 106,530 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average price of GBX 18 ($0.23) per share, for a total transaction of £19,175.40 ($24,819.31). 77.54% of the stock is owned by 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.