Cerillion (LON:CER) Share Price Breaks Below 50 Day Moving Average – Should You Sell?

Cerillion Plc (LON:CER – Get Free Report)’s stock price crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of GBX 921.48 and traded as low as GBX 682.32. Cerillion shares last traded at GBX 690, with a volume of 201,582 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have commented on CER shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Cerillion from GBX 1,400 to GBX 1,200 and set a “buy” rating for the company in a report on Tuesday, September 15th. Berenberg Bank reduced their price objective on Cerillion from GBX 2,015 to GBX 1,375 and set a “buy” rating for the company in a research note on Wednesday, September 16th. Finally, Canaccord Genuity Group cut their target price on Cerillion from GBX 2,060 to GBX 1,760 and set a “buy” rating on the stock in a report on Monday, September 14th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 1,671.

Get Our Latest Stock Report on Cerillion

Cerillion Price Performance

The stock has a market cap of £203.84 million, a P/E 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 simple moving average of GBX 921.48 and a 200-day simple moving average of GBX 1,130.99.

About Cerillion

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Cerillion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cerillion and related companies with MarketBeat.com's FREE daily email newsletter.