Concurrent Technologies (LON:CNC) Hits New 52-Week High – Here’s What Happened

Concurrent Technologies Plc (LON:CNC) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 268 and last traded at GBX 261.98, with a volume of 1030315 shares trading hands. The stock had previously closed at GBX 264.

Concurrent Technologies Stock Performance

The business has a fifty day moving average price of GBX 227.53 and a 200-day moving average price of GBX 203.53. The stock has a market capitalization of £226.54 million, a P/E ratio of 49.71 and a beta of 0.69. The company has a quick ratio of 1.86, a current ratio of 5.11 and a debt-to-equity ratio of 1.54.

Concurrent Technologies (LON:CNC) last posted its earnings results on Monday, September 8th. The technology company reported GBX 2.78 earnings per share (EPS) for the quarter. Concurrent Technologies had a net margin of 13.89% and a return on equity of 13.89%. On average, sell-side analysts expect that Concurrent Technologies Plc will post 6.1015119 EPS for the current 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.