Concurrent Technologies (LON:CNC) Shares Cross Above 200-Day Moving Average – Here’s Why

Shares of Concurrent Technologies Plc (LON:CNC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 169.18 ($2.27) and traded as high as GBX 198 ($2.66). Concurrent Technologies shares last traded at GBX 194.79 ($2.62), with a volume of 150,911 shares.

Concurrent Technologies Trading Up 0.4%

The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.86 and a current ratio of 5.11. The firm has a market cap of £168.29 million, a PE ratio of 33.31 and a beta of 0.69. The stock’s 50 day simple moving average is GBX 185.99 and its 200 day simple moving average is GBX 169.18.

Concurrent Technologies (LON:CNC) last released its quarterly earnings results on Monday, April 14th. The technology company reported GBX 5.49 ($0.07) 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 forecast that Concurrent Technologies Plc will post 6.1015119 earnings per share for the current fiscal 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.