Corero Network Security (LON:CNS) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Corero Network Security plc (LON:CNS) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 19.70 ($0.25) and traded as low as GBX 13.65 ($0.17). Corero Network Security shares last traded at GBX 13.76 ($0.18), with a volume of 488,783 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 23.50 ($0.30) price target on shares of Corero Network Security in a research report on Tuesday, April 1st.

Corero Network Security Stock Performance

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 stock has a fifty day moving average price of GBX 17.25 and a two-hundred day moving average price of GBX 19.70. The company has a market cap of £92.95 million, a P/E ratio of 115.13 and a beta of 0.46.

Insiders Place Their Bets

In related news, insider Carl Herberger acquired 106,530 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was acquired at an average cost of GBX 18 ($0.23) per share, for a total transaction of £19,175.40 ($24,502.17). 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.