Concurrent Technologies (LON:CNC) Shares Up 8.6% – What’s Next?

Shares of Concurrent Technologies Plc (LON:CNCGet Free Report) traded up 8.6% during trading on Thursday . The stock traded as high as GBX 275 and last traded at GBX 272.50. 393,775 shares changed hands during mid-day trading, an increase of 5% from the average session volume of 375,354 shares. The stock had previously closed at GBX 251.

Analyst Upgrades and Downgrades

Several research analysts recently commented 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 analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Concurrent Technologies presently has an average rating of “Buy” and a consensus target price of GBX 262.50.

Get Our Latest Research Report on Concurrent Technologies

Concurrent Technologies Trading Up 8.6%

The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.86 and a current ratio of 3.64. The company’s fifty day simple moving average is GBX 233.23 and its 200-day simple moving average is GBX 235.84. The company has a market capitalization of £247.54 million, a P/E ratio of 48.84 and a beta of 1.30.

Concurrent Technologies (LON:CNCGet Free Report) last issued its earnings results on Monday, April 13th. The technology company reported GBX 5.86 earnings per share (EPS) for the quarter. Concurrent Technologies had a net margin of 11.03% and a return on equity of 11.85%. The company had revenue of GBX 4,587 million for the quarter. Research analysts predict that Concurrent Technologies Plc will post 6.1015119 earnings per share for the current year.

About Concurrent Technologies

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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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