Concurrent Technologies (LON:CNC) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Concurrent Technologies Plc (LON:CNC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 218.77 and traded as high as GBX 262.94. Concurrent Technologies shares last traded at GBX 254.82, with a volume of 94,325 shares trading hands.

Analysts Set New Price Targets

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

Concurrent Technologies Trading Up 1.0%

The company has a market cap of £224.00 million, a PE ratio of 48.86 and a beta of 0.69. The company’s 50 day simple moving average is GBX 233.28 and its two-hundred day simple moving average is GBX 219.25. The company has a debt-to-equity ratio of 1.54, a current ratio of 5.11 and a quick ratio of 1.86.

Insider Activity at Concurrent Technologies

In related news, insider Miles Adcock sold 103,377 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of GBX 242, for a total value of £250,172.34. Also, insider Brent Salgat sold 69,445 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of GBX 217, for a total value of £150,695.65. 12.45% of the stock is currently owned by company insiders.

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.