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

Concurrent Technologies Plc (LON:CNC) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 268 and last traded at GBX 260, with a volume of 259714 shares traded. The stock had previously closed at GBX 259.

Analyst Ratings Changes

Separately, Berenberg Bank started coverage on shares of Concurrent Technologies in a report on Wednesday, January 21st. They set a “buy” rating and a GBX 275 price target for the company. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 275.

Concurrent Technologies Stock Performance

The company has a market capitalization of £226.17 million, a price-to-earnings ratio of 49.34 and a beta of 0.69. The company has a current ratio of 5.11, a quick ratio of 1.86 and a debt-to-equity ratio of 1.54. The stock has a 50-day simple moving average of GBX 231.89 and a 200-day simple moving average of GBX 215.97.

Insider Buying and Selling at Concurrent Technologies

In other Concurrent Technologies news, insider Brent Salgat sold 69,445 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of GBX 217, for a total transaction of £150,695.65. Also, insider Miles Adcock sold 103,377 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of GBX 242, for a total transaction of £250,172.34. Corporate insiders own 12.26% of the company’s stock.

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.