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

Shares of Concurrent Technologies Plc (LON:CNC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 234.83 and traded as low as GBX 176. Concurrent Technologies shares last traded at GBX 190, with a volume of 718,163 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank initiated coverage on shares of Concurrent Technologies in a research note on Wednesday, January 21st. They set a “buy” rating and a GBX 275 price objective on the stock. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Concurrent Technologies has an average rating of “Buy” and a consensus price target of GBX 275.

Concurrent Technologies Price Performance

The firm has a market capitalization of £165.28 million, a price-to-earnings ratio of 36.05 and a beta of 0.97. The business has a fifty day moving average of GBX 248.10 and a two-hundred day moving average of GBX 234.83. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.86 and a current ratio of 4.59.

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.