Corero Network Security (LON:CNS) Stock Crosses Below 200 Day Moving Average of $10.61

Shares of Corero Network Security plc (LON:CNS) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 10.61 ($0.14) and traded as low as GBX 9.10 ($0.12). Corero Network Security shares last traded at GBX 9.10 ($0.12), with a volume of 2,474 shares.

Separately, Canaccord Genuity reaffirmed a “buy” rating and set a GBX 26 ($0.34) price target on shares of Corero Network Security in a research note on Tuesday, September 14th.

The company has a debt-to-equity ratio of 30.62, a current ratio of 1.27 and a quick ratio of 1.26. The company has a 50 day simple moving average of GBX 10.04 and a 200-day simple moving average of GBX 10.61. The stock has a market cap of £45.03 million and a P/E ratio of -22.75.

Corero Network Security Company Profile (LON:CNS)

Corero Network Security plc provides distributed denial of service (DDoS) protection solutions worldwide. It offers Corero SmartWall family of products to remove DDoS attack traffic. The company also provides SmartWall Threat Defense System appliances for DDoS protection; SmartWall Threat Defense Director (TDD); SmartWall Central Management Server that offers various options for managing, configuring, and monitoring TDD detection appliances; SmartWall Service Portal that enables real-time DDoS mitigation to be delivered as-a-service; and SecureWatch Analytics, a web-based security analytics portal that delivers security dashboards.

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