Concurrent Technologies Plc (LON:CNC – Get Free Report) crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 251 and traded as high as GBX 270. Concurrent Technologies shares last traded at GBX 265.80, with a volume of 206,993 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank lifted their price objective on Concurrent Technologies from GBX 275 to GBX 320 and gave the company a “buy” rating in a report on Monday, September 7th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Concurrent Technologies presently has a consensus rating of “Buy” and an average price target of GBX 285.
Read Our Latest Research Report on Concurrent Technologies
Concurrent Technologies Price Performance
The company has a current ratio of 2.52, a quick ratio of 1.86 and a debt-to-equity ratio of 6.56. The firm has a market cap of £245.27 million, a P/E ratio of 47.12 and a beta of 1.29. The firm has a 50-day simple moving average of GBX 257.60 and a 200-day simple moving average of GBX 252.15.
Concurrent Technologies (LON:CNC – Get Free Report) last announced its quarterly earnings results on Monday, September 7th. The technology company reported GBX 3.06 earnings per share (EPS) for the quarter. Concurrent Technologies had a return on equity of 11.21% and a net margin of 10.85%. As a group, analysts forecast that Concurrent Technologies Plc will post 6.10 EPS 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.
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