Cerillion (LON:CER) Hits New 52-Week Low – Here’s Why

Cerillion Plc (LON:CER) shares hit a new 52-week low on Wednesday. The company traded as low as GBX 356 and last traded at GBX 680, with a volume of 215,217 shares trading hands. The stock had previously closed at GBX 682.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Cerillion from GBX 1,400 to GBX 1,200 and set a “buy” rating on the stock in a research note on Tuesday, September 15th. Berenberg Bank cut their price objective on Cerillion from GBX 2,015 to GBX 1,375 and set a “buy” rating for the company in a report on Wednesday, September 16th. Finally, Canaccord Genuity Group reduced their price objective on 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. Five research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 1,671.

Cerillion Price Performance

The firm’s 50-day moving average is GBX 828.94 and its 200-day moving average is GBX 1,081.26. The company has a debt-to-equity ratio of 6.60, a current ratio of 4.83 and a quick ratio of 2.75. The company has a market capitalization of £201.77 million, a P/E ratio of 14.75 and a beta of 0.49.

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.