Concurrent Technologies (LON:CNC) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Concurrent Technologies Plc (LON:CNC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 244.61 and traded as high as GBX 270. Concurrent Technologies shares last traded at GBX 268.90, with a volume of 71,092 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CNC. Berenberg Bank restated a “buy” rating and issued a GBX 275 price objective on shares of Concurrent Technologies in a research report on Tuesday, July 14th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 250 price target on shares of Concurrent Technologies in a report on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 262.50.

Concurrent Technologies Stock Performance

The company has a market cap of £244.27 million, a price-to-earnings ratio of 48.19 and a beta of 1.30. The firm’s 50 day simple moving average is GBX 260.99 and its 200-day simple moving average is GBX 244.61. The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.86 and a current ratio of 3.64.

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.