Concurrent Technologies (LON:CNC) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Concurrent Technologies Plc (LON:CNC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 218.77 and traded as high as GBX 262.94. Concurrent Technologies shares last traded at GBX 254.82, with a volume of 94,325 shares.

Analyst Ratings Changes

Separately, Berenberg Bank initiated coverage on Concurrent Technologies in a report on Wednesday, January 21st. They issued a “buy” rating and a GBX 275 price objective on the stock. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 275.

Concurrent Technologies Stock Performance

The stock’s 50-day moving average price is GBX 233.28 and its 200-day moving average price is GBX 219.25. The company has a market capitalization of £224.00 million, a price-to-earnings ratio of 48.86 and a beta of 0.69. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.86 and a current ratio of 5.11.

Insider Buying and Selling at Concurrent Technologies

In related news, insider Brent Salgat sold 69,445 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of GBX 217, for a total value of £150,695.65. Also, insider Miles Adcock sold 103,377 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of GBX 242, for a total transaction of £250,172.34. Insiders own 12.45% of the company’s stock.

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.