Cerillion (LON:CER) Reaches New 52-Week Low – What’s Next?

Shares of Cerillion Plc (LON:CER) reached a new 52-week low on Tuesday. The company traded as low as GBX 650 and last traded at GBX 660, with a volume of 167,477 shares. The stock had previously closed at GBX 688.

Wall Street Analyst Weigh In

CER has been the subject of several research analyst reports. Berenberg Bank lowered their target price on shares of Cerillion from GBX 2,015 to GBX 1,375 and set a “buy” rating for the company in a report on Wednesday, September 16th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Cerillion from GBX 1,400 to GBX 1,200 and set a “buy” rating on the stock in a research report on Tuesday, September 15th. Finally, Canaccord Genuity Group cut their price target on shares of Cerillion from GBX 2,060 to GBX 1,760 and set a “buy” rating on the stock in a research note on Monday, September 14th. Five research analysts have rated the stock with a Buy rating. According to MarketBeat.com, Cerillion presently has an average rating of “Buy” and an average price target of GBX 1,671.

Cerillion Trading Up 0.7%

The stock has a market capitalization of £203.84 million, a price-to-earnings ratio of 14.90 and a beta of 0.49. The company has a debt-to-equity ratio of 6.60, a quick ratio of 2.75 and a current ratio of 4.83. The business has a 50-day moving average of GBX 808.58 and a 200-day moving average of GBX 1,065.13.

Insider Buying and Selling

In other news, insider Guy O’Connor acquired 20,000 shares of Cerillion stock in a transaction on Wednesday, October 21st. The stock was bought at an average price of GBX 690 per share, for a total transaction of £138,000. 21.20% of the stock is currently owned by company insiders.

About Cerillion

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.