Corero Network Security (LON:CNS) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Corero Network Security plc (LON:CNS)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 17.97 ($0.24) and traded as low as GBX 14.91 ($0.20). Corero Network Security shares last traded at GBX 14.91 ($0.20), with a volume of 295,531 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 23.50 ($0.32) price objective on shares of Corero Network Security in a research note on Tuesday, April 1st.

Corero Network Security Stock Down 2.3%

The company has a market capitalization of £93.97 million, a price-to-earnings ratio of 116.40 and a beta of 0.46. The firm’s 50 day moving average price is GBX 16.61 and its two-hundred day moving average price is GBX 17.97. 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 bought 246,095 shares of Corero Network Security stock in a transaction that occurred on Thursday, April 10th. The stock was acquired at an average price of GBX 1,531 ($20.67) per share, with a total value of £3,767,714.45 ($5,086,694.28). 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.