Concurrent Technologies (LON:CNC) Sets New 52-Week High – Time to Buy?

Concurrent Technologies Plc (LON:CNC)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as GBX 280 and last traded at GBX 277.92, with a volume of 443996 shares. The stock had previously closed at GBX 275.

Wall Street Analysts Forecast Growth

CNC has been the subject of several research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 275 target price on shares of Concurrent Technologies in a research report on Tuesday, July 14th. Stifel Nicolaus restated a “buy” rating and set a GBX 250 price objective on shares of Concurrent Technologies in a research note on Wednesday, April 15th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Concurrent Technologies currently has an average rating of “Buy” and an average target price of GBX 262.50.

Concurrent Technologies Trading Up 1.1%

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’s 50 day moving average is GBX 258.23 and its two-hundred day moving average is GBX 242.97. The stock has a market cap of £252.46 million, a price-to-earnings ratio of 49.81 and a beta of 1.30.

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.