Cerillion (LON:CER) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of Cerillion Plc (LON:CER) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 1,006.08 and traded as low as GBX 960. Cerillion shares last traded at GBX 983, with a volume of 559,767 shares trading hands.

Analysts Set New Price Targets

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

Cerillion Price Performance

The company’s 50 day simple moving average is GBX 1,003.37 and its 200-day simple moving average is GBX 1,208.13. 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 firm has a market capitalization of £295.41 million, a PE ratio of 21.60 and a beta of 0.49.

Cerillion (LON:CER) last released its quarterly earnings results on Monday, June 1st. The company reported GBX 14.10 EPS for the quarter. Cerillion had a net margin of 32.24% and a return on equity of 22.77%. The firm had revenue of GBX 1,801 million during the quarter. On average, analysts forecast that Cerillion Plc will post 53.0708661 EPS for the current fiscal year.

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.