Concurrent Technologies (LON:CNC) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Concurrent Technologies Plc (LON:CNC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 233.31 and traded as high as GBX 260. Concurrent Technologies shares last traded at GBX 259, with a volume of 787,071 shares traded.

Analyst Ratings Changes

A number of brokerages have commented on CNC. Berenberg Bank reaffirmed a “buy” rating and set a GBX 275 target price on shares of Concurrent Technologies in a research note on Friday, May 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 250 target price on shares of Concurrent Technologies in a research note on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 262.50.

Concurrent Technologies Stock Down 0.4%

The business’s 50 day moving average price is GBX 221.03 and its 200-day moving average price is GBX 233.31. The firm has a market capitalization of £235.28 million, a PE ratio of 46.42 and a beta of 1.26. The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.86 and a current ratio of 3.64.

Concurrent Technologies (LON:CNC) last released its quarterly earnings results on Monday, April 13th. The technology company reported GBX 5.86 earnings per share (EPS) for the quarter. The business had revenue of GBX 4,587 million for the quarter. Concurrent Technologies had a net margin of 11.03% and a return on equity of 11.85%. As a group, equities research analysts forecast that Concurrent Technologies Plc will post 6.1015119 earnings per share for the current year.

About Concurrent Technologies

Concurrent Technologies Plc develops and manufactures high-end embedded computer products for use in a wide range of high-performance, long-life cycle applications within the telecommunications, defence, security, telemetry, scientific and aerospace markets, including applications within extremely harsh environments. The processor products feature Intel® processors, including the latest 9th generation embedded Intel® Core™ processors, Intel® Xeon® and Intel® Atom™ processors. The products are designed to be compliant with industry specifications and support many of today’s leading embedded Operating Systems.