Concurrent Technologies (LON:CNC) Stock Price Up 7.2% – Still a Buy?

Concurrent Technologies Plc (LON:CNC) shares rose 7.2% on Monday. The stock traded as high as GBX 270 and last traded at GBX 268. Approximately 220,113 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 299,664 shares. The stock had previously closed at GBX 250.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their price objective on Concurrent Technologies from GBX 275 to GBX 320 and gave the company a “buy” rating in a report on Monday, September 7th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 285.

Concurrent Technologies Stock Performance

The company has a quick ratio of 1.86, a current ratio of 2.52 and a debt-to-equity ratio of 6.56. The stock has a market capitalization of £243.46 million, a PE ratio of 46.77 and a beta of 1.29. The firm has a 50 day moving average price of GBX 255.27 and a 200-day moving average price of GBX 244.46.

Concurrent Technologies (LON:CNC) last issued its quarterly earnings results on Monday, September 7th. The technology company reported GBX 3.06 earnings per share for the quarter. Concurrent Technologies had a net margin of 10.85% and a return on equity of 11.21%. Research analysts expect that Concurrent Technologies Plc will post 6.1015119 EPS for the current fiscal 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.