Concurrent Technologies (LON:CNC) Shares Pass Above Two Hundred Day Moving Average of $82.37

Concurrent Technologies Plc (LON:CNC) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 82.37 ($1.03) and traded as high as GBX 101.50 ($1.28). Concurrent Technologies shares last traded at GBX 99.50 ($1.25), with a volume of 477,048 shares trading hands.

Concurrent Technologies Price Performance

The company has a market capitalization of £85.64 million, a price-to-earnings ratio of 1,990.00 and a beta of 0.71. The company has a current ratio of 3.20, a quick ratio of 1.86 and a debt-to-equity ratio of 2.83. The company has a 50 day moving average price of GBX 90.80 and a 200 day moving average price of GBX 82.37.

Concurrent Technologies Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 27th will be issued a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a yield of 1.01%. Concurrent Technologies’s dividend payout ratio is currently 2,000.00%.

About Concurrent Technologies

Concurrent Technologies Plc, together with its subsidiaries, designs, develops, manufactures, and markets single board computers for system integrators and original equipment manufacturers in the United Kingdom, the United States, Malaysia, rest of Europe, and internationally. It offers VPX, AMC, VME, CompactPCI, XMC, software, and accessories products.