Concurrent Technologies (LON:CNC) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Concurrent Technologies Plc (LON:CNC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 209.74 and traded as high as GBX 224.92. Concurrent Technologies shares last traded at GBX 222, with a volume of 144,200 shares.

Concurrent Technologies Stock Performance

The stock has a market cap of £192.56 million, a PE ratio of 42.13 and a beta of 0.69. The stock has a fifty day moving average of GBX 234.37 and a 200-day moving average of GBX 209.74. The company has a quick ratio of 1.86, a current ratio of 5.11 and a debt-to-equity ratio of 1.54.

Insider Buying and Selling

In other news, insider Brent Salgat sold 69,445 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of GBX 217, for a total transaction of £150,695.65. Also, 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.

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.