Concurrent Technologies (LON:CNC – Get Free Report) issued its quarterly 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 Performance
Shares of LON CNC traded up GBX 0.37 during mid-day trading on Tuesday, hitting GBX 280.37. The company had a trading volume of 492,843 shares, compared to its average volume of 313,632. Concurrent Technologies has a 12 month low of GBX 173.50 and a 12 month high of GBX 286. The firm has a market cap of £254.70 million, a P/E ratio of 50.25 and a beta of 1.29. The business’s 50-day simple moving average is GBX 256.29 and its 200-day simple moving average is GBX 244.42. The company has a debt-to-equity ratio of 4.84, a current ratio of 3.64 and a quick ratio of 1.86.
Analyst Ratings Changes
Separately, Berenberg Bank raised their target price on Concurrent Technologies from GBX 275 to GBX 320 and gave the company a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average 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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