Cerillion (LON:CER) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Cerillion Plc (LON:CER) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 1,511.27 ($20.33) and traded as low as GBX 1,433 ($19.28). Cerillion shares last traded at GBX 1,555 ($20.92), with a volume of 15,816 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 2,350 price target on shares of Cerillion in a research note on Monday, May 19th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 2,350.

Cerillion Stock Down 6.8%

The company has a debt-to-equity ratio of 5.77, a quick ratio of 2.75 and a current ratio of 4.13. The stock has a market cap of £430.00 million, a P/E ratio of 30.57 and a beta of 0.90. The stock’s fifty day simple moving average is GBX 1,511.27 and its 200-day simple moving average is GBX 1,571.91.

Cerillion (LON:CER) last posted its quarterly earnings data on Monday, May 19th. The company reported GBX 23.90 earnings per share (EPS) for the quarter. Cerillion had a net margin of 34.15% and a return on equity of 30.92%. As a group, research analysts forecast that Cerillion Plc will post 53.0708661 earnings per share for the current fiscal 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.