Cerillion (LON:CER) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Cerillion Plc (LON:CER)’s share price crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of GBX 761.26 and traded as high as GBX 770. Cerillion shares last traded at GBX 770, with a volume of 65,756 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CER. Canaccord Genuity Group dropped their target price on shares of Cerillion from GBX 2,060 to GBX 1,760 and set a “buy” rating for the company in a research report on Monday, September 14th. Berenberg Bank cut their target price on shares of Cerillion from GBX 2,015 to GBX 1,375 and set a “buy” rating on the stock in a research note on Wednesday, September 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target 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. Five research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Cerillion currently has a consensus rating of “Buy” and a consensus target price of GBX 1,671.

Cerillion Price Performance

The stock has a market cap of £225.14 million, a P/E ratio of 16.46 and a beta of 0.49. The firm has a 50-day moving average price of GBX 761.26 and a 200-day moving average price of GBX 1,142.91. The company has a debt-to-equity ratio of 6.60, a quick ratio of 2.75 and a current ratio of 4.83.

Insiders Place Their Bets

In other news, insider Guy O’Connor acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, October 21st. The stock was acquired 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 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.