Concurrent Technologies Plc (LON:CNC – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday. The stock traded as high as GBX 290 and last traded at GBX 281, with a volume of 157,017 shares changing hands. The stock had previously closed at GBX 275.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank lifted 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 investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 285.
Check Out Our Latest Report on Concurrent Technologies
Concurrent Technologies Stock Performance
The company has a current ratio of 2.52, a quick ratio of 1.86 and a debt-to-equity ratio of 6.56. The stock has a market capitalization of £255.27 million, a price-to-earnings ratio of 49.04 and a beta of 1.28. The stock’s 50 day moving average is GBX 258.76 and its two-hundred day moving average is GBX 248.39.
Concurrent Technologies (LON:CNC – Get Free Report) last issued its quarterly earnings results on Monday, September 7th. The technology company reported GBX 3.06 EPS for the quarter. Concurrent Technologies had a return on equity of 11.21% and a net margin of 10.85%. Analysts expect that Concurrent Technologies Plc will post 6.10 earnings per share for the current fiscal year.
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.
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