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

Shares of Concurrent Technologies Plc (LON:CNC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 245.84 and traded as high as GBX 255. Concurrent Technologies shares last traded at GBX 245.30, with a volume of 107,126 shares.

Analysts Set New Price Targets

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

Concurrent Technologies Price Performance

The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.86 and a current ratio of 3.64. The stock has a market capitalization of £225.02 million, a price-to-earnings ratio of 44.39 and a beta of 1.30. The company has a 50-day moving average of GBX 260.35 and a 200-day moving average of GBX 246.01.

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. 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.