Cerillion (LON:CER) Stock Passes Below Fifty Day Moving Average – What’s Next?

Cerillion Plc (LON:CER)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 1,331.02 and traded as low as GBX 1,210. Cerillion shares last traded at GBX 1,251.74, with a volume of 158,941 shares.

Analysts Set New Price Targets

Several analysts have recently weighed in on CER shares. Canaccord Genuity Group restated a “buy” rating and set a GBX 2,250 price target on shares of Cerillion in a report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,575 price target on shares of Cerillion in a research note on Tuesday, June 2nd. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,015 price target on shares of Cerillion in a research note on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,972.

Cerillion Price Performance

The company’s 50 day moving average price is GBX 1,331.02 and its 200-day moving average price is GBX 1,369.60. The stock has a market cap of £357.74 million, a P/E ratio of 26.16 and a beta of 0.50. The company has a quick ratio of 2.75, a current ratio of 4.83 and a debt-to-equity ratio of 6.60.

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

Cerillion Company Profile

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.