Cerillion (LON:CER) Reaches New 52-Week Low – Time to Sell?

Cerillion Plc (LON:CER) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 890 and last traded at GBX 890, with a volume of 468436 shares. The stock had previously closed at GBX 926.

Wall Street Analysts Forecast Growth

CER has been the topic of several analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 2,015 target price on shares of Cerillion in a research report on Monday, June 1st. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 2,060 price target on shares of Cerillion in a research note on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Cerillion from GBX 1,575 to GBX 1,400 and set a “buy” rating on the stock in a report on Wednesday, August 26th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Cerillion presently has a consensus rating of “Buy” and an average target price of GBX 1,899.

Cerillion Stock Performance

The stock has a market cap of £262.92 million, a P/E ratio of 19.22 and a beta of 0.49. 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 fifty day moving average of GBX 995.79 and a 200 day moving average of GBX 1,194.70.

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.