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

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 242.04 and traded as high as GBX 265. Concurrent Technologies shares last traded at GBX 265, with a volume of 463,156 shares.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 275 target price on shares of Concurrent Technologies in a report on Tuesday, July 14th. Stifel Nicolaus restated a “buy” rating and issued a GBX 250 price objective on shares of Concurrent Technologies in a research report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 262.50.

Concurrent Technologies Stock Up 1.0%

The company has a debt-to-equity ratio of 4.84, a current ratio of 3.64 and a quick ratio of 1.86. The company has a market cap of £240.73 million, a PE ratio of 47.49 and a beta of 1.30. The company has a fifty day moving average price of GBX 256.56 and a 200 day moving average price of GBX 242.04.

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.