Concurrent Technologies (LON:CNC) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Concurrent Technologies Plc (LON:CNC) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 194.97 ($2.60) and traded as high as GBX 226 ($3.01). Concurrent Technologies shares last traded at GBX 225.96 ($3.01), with a volume of 72,266 shares traded.

Concurrent Technologies Trading Up 0.3%

The company has a current ratio of 5.11, a quick ratio of 1.86 and a debt-to-equity ratio of 1.54. The stock has a market cap of £195.39 million, a P/E ratio of 42.88 and a beta of 0.69. The firm’s 50-day simple moving average is GBX 208.55 and its 200 day simple moving average is GBX 194.97.

Concurrent Technologies (LON:CNC) last posted its quarterly earnings data on Monday, September 8th. The technology company reported GBX 2.78 earnings per share (EPS) for the quarter. Concurrent Technologies had a net margin of 13.89% and a return on equity of 13.89%. As a group, equities research analysts anticipate that Concurrent Technologies Plc will post 6.1015119 earnings per share 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.