Cerillion (LON:CER) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

Cerillion Plc (LON:CER)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1,170.35 and traded as low as GBX 1,020. Cerillion shares last traded at GBX 1,030, with a volume of 54,078 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 2,015 price objective on shares of Cerillion in a research note on Monday, June 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,575 price target on shares of Cerillion in a research report on Tuesday, June 2nd. Finally, Canaccord Genuity Group restated a “buy” rating and set a GBX 2,060 price objective on shares of Cerillion in a report on Monday, June 29th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Cerillion has an average rating of “Moderate Buy” and an average target price of GBX 1,934.

Cerillion Price Performance

The company has a current ratio of 4.83, a quick ratio of 2.75 and a debt-to-equity ratio of 6.60. The business has a 50-day moving average of GBX 1,170.35 and a 200 day moving average of GBX 1,331.01. The firm has a market capitalization of £304.27 million, a PE ratio of 22.25 and a beta of 0.50.

Cerillion (LON:CER) last posted its earnings results on Monday, June 1st. The company reported GBX 14.10 earnings per share (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. As a group, research analysts anticipate 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.