Concurrent Technologies (LON:CNC) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Concurrent Technologies Plc (LON:CNC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 208.30 and traded as high as GBX 227. Concurrent Technologies shares last traded at GBX 221, with a volume of 111,052 shares trading hands.

Concurrent Technologies Price Performance

The stock has a market cap of £191.69 million, a price-to-earnings ratio of 41.94 and a beta of 0.69. 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 company has a 50-day simple moving average of GBX 235.01 and a two-hundred day simple moving average of GBX 208.30.

Concurrent Technologies (LON:CNC) last announced its quarterly earnings results on Monday, September 8th. The technology company reported GBX 2.78 earnings per share (EPS) for the quarter. Concurrent Technologies had a net margin of 13.89% and a return on equity of 13.89%. As a group, equities research analysts forecast that Concurrent Technologies Plc will post 6.1015119 EPS for the current year.

Insider Activity at Concurrent Technologies

In other news, insider Miles Adcock sold 103,377 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of GBX 242, for a total value of £250,172.34. Insiders own 12.26% of the company’s stock.

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.