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

Concurrent Technologies Plc (LON:CNC)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 244.17 and traded as high as GBX 260. Concurrent Technologies shares last traded at GBX 260, with a volume of 220,013 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price objective on Concurrent Technologies from GBX 275 to GBX 320 and gave the stock 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, Concurrent Technologies has a consensus rating of “Buy” and an average target price of GBX 285.

Concurrent Technologies Stock Up 3.1%

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 business has a fifty day simple moving average of GBX 255.27 and a two-hundred day simple moving average of GBX 244.28. The company has a market capitalization of £236.08 million, a price-to-earnings ratio of 46.57 and a beta of 1.29.

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