Corero Network Security (LON:CNS) Shares Down 12.5% – Time to Sell?

Corero Network Security plc (LON:CNS) dropped 12.5% during mid-day trading on Thursday . The stock traded as low as GBX 6.50 and last traded at GBX 7. 3,184,741 shares changed hands during trading, an increase of 1,063% from the average daily volume of 273,874 shares. The stock had previously closed at GBX 8.

Corero Network Security Stock Up 6.1%

The company’s 50-day simple moving average is GBX 9.44 and its two-hundred day simple moving average is GBX 11.23. The firm has a market capitalization of £35.85 million, a P/E ratio of -70.00 and a beta of 0.46. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.13 and a quick ratio of 1.20.

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. Corero’s industry leading SmartWall and SecureWatch technology provides scalable protection capabilities against external DDoS attackers and internal DDoS botnets in the most complex edge and subscriber environments, while enabling a more cost-effective economic model than previously available.