Concurrent Technologies (LON:CNC) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Concurrent Technologies Plc (LON:CNC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 232.86 and traded as high as GBX 245. Concurrent Technologies shares last traded at GBX 240.88, with a volume of 363,227 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CNC shares. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 250 price objective on shares of Concurrent Technologies in a report on Wednesday, April 15th. Berenberg Bank started coverage on Concurrent Technologies in a report on Wednesday, January 21st. They issued a “buy” rating and a GBX 275 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 262.50.

Concurrent Technologies Stock Down 4.4%

The firm has a market cap of £197.47 million, a PE ratio of 43.07 and a beta of 1.19. The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.86 and a current ratio of 3.64. The firm’s 50-day moving average price is GBX 226.27 and its two-hundred day moving average price is GBX 232.84.

Concurrent Technologies (LON:CNC) last issued its quarterly earnings data on Monday, April 13th. The technology company reported GBX 5.86 earnings per share for the quarter. The business had revenue of GBX 4,587 million during the quarter. Concurrent Technologies had a net margin of 11.03% and a return on equity of 11.85%. As a group, equities research analysts expect that Concurrent Technologies Plc will post 6.1015119 EPS for the current fiscal 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.