Concurrent Technologies (LON:CNC) Hits New 1-Year High – Time to Buy?

Concurrent Technologies Plc (LON:CNC)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 280 and last traded at GBX 277.92, with a volume of 443996 shares traded. The stock had previously closed at GBX 275.

Analyst Ratings Changes

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

Concurrent Technologies Stock Up 1.1%

The company has a debt-to-equity ratio of 4.84, a current ratio of 3.64 and a quick ratio of 1.86. The company has a market cap of £252.46 million, a PE ratio of 49.81 and a beta of 1.30. The company has a fifty day moving average price of GBX 257.56 and a 200 day moving average price of GBX 242.73.

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.