Concurrent Technologies (LON:CNC) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of Concurrent Technologies Plc (LON:CNC) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 237.85 and traded as high as GBX 265. Concurrent Technologies shares last traded at GBX 259.75, with a volume of 58,351 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 250 target price on shares of Concurrent Technologies in a research report on Wednesday, April 15th. Berenberg Bank restated a “buy” rating and set a GBX 275 price target on shares of Concurrent Technologies in a research report on Friday, May 1st. Two investment analysts have 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 262.50.

Concurrent Technologies Trading Down 0.1%

The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.86 and a current ratio of 3.64. The firm has a 50-day moving average of GBX 249.67 and a 200-day moving average of GBX 237.85. The firm has a market capitalization of £235.96 million, a P/E ratio of 46.55 and a beta of 1.30.

Concurrent Technologies (LON:CNC) last announced its quarterly earnings data on Monday, April 13th. The technology company reported GBX 5.86 earnings per share for the quarter. The firm had revenue of GBX 4,587 million during the quarter. Concurrent Technologies had a return on equity of 11.85% and a net margin of 11.03%. On average, equities research analysts anticipate that Concurrent Technologies Plc will post 6.1015119 EPS 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.