Cerillion (LON:CER) Shares Pass Below 50-Day Moving Average – Here’s Why

Cerillion Plc (LON:CER)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 1,331.02 and traded as low as GBX 1,210. Cerillion shares last traded at GBX 1,251.74, with a volume of 158,941 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on CER. Berenberg Bank reiterated a “buy” rating and set a GBX 2,015 price objective on shares of Cerillion in a research note on Monday, June 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,575 price objective on shares of Cerillion in a research note on Tuesday, June 2nd. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 2,250 price objective on shares of Cerillion in a research note on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 1,972.

Cerillion Trading Up 2.5%

The stock’s fifty day moving average price is GBX 1,329.12 and its 200 day moving average price is GBX 1,367.63. The company has a quick ratio of 2.75, a current ratio of 4.83 and a debt-to-equity ratio of 6.60. The stock has a market cap of £369.26 million, a PE ratio of 27.00 and a beta of 0.46.

Cerillion (LON:CER) last posted its quarterly earnings results on Monday, June 1st. The company reported GBX 14.10 EPS for the quarter. Cerillion had a net margin of 32.24% and a return on equity of 22.77%. The firm had revenue of GBX 1,801 million for the quarter. On average, sell-side analysts forecast that Cerillion Plc will post 53.0708661 EPS for the current year.

Cerillion Company Profile

Established in 1999, Cerillion provides mission-critical software for billing, charging and customer relationship management mainly for telecommunications providers, but also for other sectors, including energy and utilities.

Cerillion provides customers with a fully-integrated, functionally-rich product suite that provides a complete end-to-end solution. It offers customers a range of pre-integrated modules, which may be taken selectively for particular functions or together for a complete solution.