Concurrent Technologies Plc (LON:CNC – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 236.64 and traded as high as GBX 265. Concurrent Technologies shares last traded at GBX 263.25, with a volume of 51,628 shares changing hands.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on CNC. Stifel Nicolaus restated a “buy” rating and issued a GBX 250 price target on shares of Concurrent Technologies in a research report on Wednesday, April 15th. Berenberg Bank reiterated a “buy” rating and set a GBX 275 price objective on shares of Concurrent Technologies in a research report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Concurrent Technologies presently has an average rating of “Buy” and an average target price of GBX 262.50.
Read Our Latest Research Report on Concurrent Technologies
Concurrent Technologies Price Performance
Concurrent Technologies (LON:CNC – Get Free Report) last announced its earnings results on Monday, April 13th. The technology company reported GBX 5.86 earnings per share (EPS) for the quarter. The business had revenue of GBX 4,587 million during the quarter. Concurrent Technologies had a return on equity of 11.85% and a net margin of 11.03%. On average, equities analysts predict that Concurrent Technologies Plc will post 6.1015119 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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