Concurrent Technologies (LON:CNC) Issues Quarterly Earnings Results

Concurrent Technologies (LON:CNC) released its 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 4.8%

Concurrent Technologies stock opened at GBX 275 on Monday. Concurrent Technologies has a 12 month low of GBX 173.50 and a 12 month high of GBX 286. The stock has a fifty day simple moving average of GBX 256.01 and a two-hundred day simple moving average of GBX 244.34. The company has a current ratio of 3.64, a quick ratio of 1.86 and a debt-to-equity ratio of 4.84. The firm has a market cap of £249.82 million, a price-to-earnings ratio of 49.28 and a beta of 1.30.

Analysts Set New Price Targets

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

Concurrent Technologies Company Profile

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.