Corero Network Security (LON:CNS) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Corero Network Security plc (LON:CNS) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 11.59 and traded as low as GBX 8. Corero Network Security shares last traded at GBX 9, with a volume of 34,699 shares traded.

Corero Network Security Stock Performance

The stock has a 50 day moving average of GBX 10.12 and a 200 day moving average of GBX 11.59. The company has a quick ratio of 1.20, a current ratio of 1.13 and a debt-to-equity ratio of 2.47. The firm has a market cap of £46.09 million, a price-to-earnings ratio of -90.00 and a beta of 0.46.

Insider Activity at Corero Network Security

In other news, insider Jeremy Nicholls bought 43,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was bought at an average cost of GBX 12 per share, for a total transaction of £5,160. Insiders own 39.68% of the company’s stock.

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.