Concurrent Technologies Plc (LON:CNC – Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 244.18 and traded as high as GBX 265. Concurrent Technologies shares last traded at GBX 260, with a volume of 105,955 shares traded.
Analysts Set New Price Targets
Separately, Berenberg Bank raised their target price on shares of Concurrent Technologies from GBX 275 to GBX 320 and gave the company a “buy” rating in a research note on Monday, September 7th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Concurrent Technologies has an average rating of “Buy” and an average price target of GBX 285.
Get Our Latest Research Report on Concurrent Technologies
Concurrent Technologies Price Performance
Concurrent Technologies (LON:CNC – Get Free Report) last released its quarterly earnings results on Monday, September 7th. The technology company reported GBX 3.06 earnings per share for the quarter. Concurrent Technologies had a return on equity of 11.21% and a net margin of 10.85%. Equities analysts predict that Concurrent Technologies Plc will post 6.1015119 earnings per share 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.
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