Concurrent Technologies (LON:CNC) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Concurrent Technologies Plc (LON:CNC)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 244.48 and traded as high as GBX 255. Concurrent Technologies shares last traded at GBX 252.22, with a volume of 55,446 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 275 price target on shares of Concurrent Technologies in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Concurrent Technologies currently has a consensus rating of “Buy” and a consensus target price of GBX 262.50.

Concurrent Technologies Stock Performance

The company has a quick ratio of 1.86, a current ratio of 3.64 and a debt-to-equity ratio of 4.84. The firm has a market capitalization of £238.46 million, a P/E ratio of 47.04 and a beta of 1.30. The stock has a fifty day moving average of GBX 255.95 and a 200-day moving average of GBX 244.40.

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.