Concurrent Technologies (LON:CNC – Get Free Report) issued its earnings results on Monday. The technology company reported GBX 3.06 earnings per share (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 Down 1.0%
Shares of LON CNC traded down GBX 2.75 during mid-day trading on Tuesday, reaching GBX 277.25. 597,388 shares of the company were exchanged, compared to its average volume of 314,240. Concurrent Technologies has a 1 year low of GBX 173.50 and a 1 year high of GBX 286. The firm has a 50-day moving average of GBX 256.29 and a 200 day moving average of GBX 244.42. The stock has a market cap of £251.86 million, a price-to-earnings ratio of 49.69 and a beta of 1.29. The company has a quick ratio of 1.86, a current ratio of 3.64 and a debt-to-equity ratio of 4.84.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank boosted their price objective on shares of Concurrent Technologies from GBX 275 to GBX 320 and gave the company a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price 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.
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