Concurrent Technologies (LON:CNC) Posts Quarterly Earnings Results

Concurrent Technologies (LON:CNC) announced its quarterly earnings results on Monday. The technology company reported GBX 3.06 EPS for the quarter, Digital Look Earnings reports. Concurrent Technologies had a return on equity of 11.85% and a net margin of 11.03%.

Concurrent Technologies Stock Up 8.0%

Shares of LON CNC traded up GBX 21 during trading hours on Monday, hitting GBX 283.50. 528,826 shares of the stock were exchanged, compared to its average volume of 312,581. The firm has a fifty day moving average price of GBX 256.01 and a 200-day moving average price of GBX 244.34. Concurrent Technologies has a 12 month low of GBX 173.50 and a 12 month high of GBX 286. The company has a market cap of £257.54 million, a PE ratio of 50.81 and a beta of 1.30. The company has a quick ratio of 1.86, a current ratio of 3.64 and a debt-to-equity ratio of 4.84.

Analyst Ratings Changes

Separately, Berenberg Bank raised their target price on shares of Concurrent Technologies from GBX 275 to GBX 320 and gave the company a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Concurrent Technologies has an average rating of “Buy” and a consensus target price of GBX 285.

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.