Cerillion (LON:CER) Share Price Passes Below 50-Day Moving Average – What’s Next?

Cerillion Plc (LON:CER) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1,170.35 and traded as low as GBX 1,020. Cerillion shares last traded at GBX 1,030, with a volume of 54,078 shares.

Wall Street Analysts Forecast Growth

CER has been the topic of several research analyst reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,015 target price on shares of Cerillion in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,575 price target on shares of Cerillion in a research note on Tuesday, June 2nd. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 2,060 price objective on shares of Cerillion in a report on Monday, June 29th. Four investment 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 an average rating of “Moderate Buy” and an average target price of GBX 1,934.

Cerillion Stock Performance

The company has a market cap of £302.80 million, a price-to-earnings ratio of 22.14 and a beta of 0.50. The firm’s 50 day simple moving average is GBX 1,159.67 and its 200-day simple moving average is GBX 1,326.89. The company has a debt-to-equity ratio of 6.60, a quick ratio of 2.75 and a current ratio of 4.83.

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