Concurrent Technologies (LON:CNC) Shares Pass Above 200 Day Moving Average – What’s Next?

Shares of 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 234.57 and traded as high as GBX 245. Concurrent Technologies shares last traded at GBX 243.50, with a volume of 137,430 shares.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 275 price target on shares of Concurrent Technologies in a research note on Friday, May 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 250 price target on shares of Concurrent Technologies in a research note on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 262.50.

Concurrent Technologies Stock Performance

The stock has a market cap of £226.77 million, a P/E ratio of 44.74 and a beta of 1.26. The company has a fifty day moving average price of GBX 218.69 and a 200 day moving average price of GBX 234.80. The company has a debt-to-equity ratio of 4.84, a current ratio of 3.64 and a quick ratio of 1.86.

Concurrent Technologies (LON:CNC) last released its quarterly earnings data on Monday, April 13th. The technology company reported GBX 5.86 EPS for the quarter. The firm had revenue of GBX 4,587 million during the quarter. Concurrent Technologies had a return on equity of 11.85% and a net margin of 11.03%. On average, equities analysts expect that Concurrent Technologies Plc will post 6.1015119 EPS for the current year.

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.