Concurrent Technologies (LON:CNC) Announces Quarterly Earnings Results

Concurrent Technologies (LON:CNC) issued its quarterly earnings data on Monday. The technology company reported GBX 3.06 earnings per share for the quarter, Digital Look Earnings reports. Concurrent Technologies had a return on equity of 11.85% and a net margin of 11.03%.

Concurrent Technologies Trading Up 5.7%

Shares of CNC opened at GBX 277.40 on Monday. Concurrent Technologies has a fifty-two week low of GBX 173.50 and a fifty-two week high of GBX 286. The business has a 50-day moving average of GBX 256.01 and a 200 day moving average of GBX 244.34. The firm has a market cap of £252.00 million, a P/E ratio of 49.71 and a beta of 1.30. The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.86 and a current ratio of 3.64.

Analyst Ratings Changes

Separately, Berenberg Bank upped their target price on Concurrent Technologies from GBX 275 to GBX 320 and gave the company a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Concurrent Technologies presently has an average rating of “Buy” and a consensus price target of GBX 285.

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.