Concurrent Technologies (LON:CNC) Shares Cross Above 200 Day Moving Average – What’s Next?

Concurrent Technologies Plc (LON:CNC)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 210.20 and traded as high as GBX 222.63. Concurrent Technologies shares last traded at GBX 222, with a volume of 78,868 shares trading hands.

Concurrent Technologies Stock Performance

The company has a debt-to-equity ratio of 1.54, a current ratio of 5.11 and a quick ratio of 1.86. The stock has a market cap of £192.56 million, a P/E ratio of 42.13 and a beta of 0.69. The stock has a 50-day simple moving average of GBX 234.05 and a 200-day simple moving average of GBX 210.20.

Insider Activity at Concurrent Technologies

In other Concurrent Technologies news, insider Brent Salgat sold 69,445 shares of the business’s stock in a transaction on Monday, December 8th. The shares were 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 company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of GBX 242, for a total transaction of £250,172.34. Insiders own 12.26% of the company’s stock.

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.