Cerillion (LON:CER) Stock Price Passes Below 50 Day Moving Average of $1,295.41

Cerillion Plc (LON:CER) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 1,295.41 ($16.33) and traded as low as GBX 1,240 ($15.63). Cerillion shares last traded at GBX 1,240 ($15.63), with a volume of 21,399 shares.

Wall Street Analysts Forecast Growth

CER has been the topic of several recent research reports. Canaccord Genuity Group lifted their target price on shares of Cerillion from GBX 1,355 ($17.08) to GBX 1,675 ($21.11) and gave the stock a “buy” rating in a research note on Wednesday, June 21st. Canaccord Genuity Group lifted their target price on shares of Cerillion from GBX 1,355 ($17.08) to GBX 1,675 ($21.11) and gave the stock a “buy” rating in a research note on Wednesday, June 21st.

Cerillion Stock Performance

The company has a current ratio of 2.71, a quick ratio of 2.75 and a debt-to-equity ratio of 11.32. The firm has a fifty day moving average price of GBX 1,295.41 and a 200 day moving average price of GBX 1,220.99. The firm has a market cap of £369.39 million, a PE ratio of 3,179.49 and a beta of 1.07.

About Cerillion

Cerillion Plc provides software for billing, charging, and customer relationship management (CRM) to the telecommunications sector in the United Kingdom, Europe, the Middle East, the Americas, and the Asia Pacific. It operates through three segments: Software, Services, and Third-Party. The company offers Cerillion Enterprise BSS/OSS Suite, a pre-integrated end-to-end solutions for mobile, fixed, cable, and multi-service communications providers; and Cerillion Skyline, a Software-as-a-Service billing for the next generation of subscription and usage-based services.