Concurrent Technologies (LON:CNC) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Concurrent Technologies Plc (LON:CNC)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 234.57 and traded as high as GBX 245. Concurrent Technologies shares last traded at GBX 243.50, with a volume of 137,430 shares changing hands.

Wall Street Analyst Weigh In

CNC has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 250 price objective on shares of Concurrent Technologies in a research note on Wednesday, April 15th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 275 price objective on shares of Concurrent Technologies in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Concurrent Technologies presently has an average rating of “Buy” and an average price target of GBX 262.50.

Concurrent Technologies Price Performance

The company’s 50 day moving average price is GBX 218.54 and its 200-day moving average price is GBX 234.57. The company has a market cap of £221.38 million, a price-to-earnings ratio of 43.67 and a beta of 1.26. The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.86 and a current ratio of 3.64.

Concurrent Technologies (LON:CNC) last announced its quarterly earnings data on Monday, April 13th. The technology company reported GBX 5.86 earnings per share (EPS) for the quarter. The company had revenue of GBX 4,587 million for the quarter. Concurrent Technologies had a net margin of 11.03% and a return on equity of 11.85%. On average, equities research 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. 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.