Concurrent Technologies (LON:CNC) Posts Quarterly Earnings Results

Concurrent Technologies (LON:CNC) posted its quarterly earnings data on Monday. The technology company reported GBX 3.06 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Concurrent Technologies had a return on equity of 11.21% and a net margin of 10.85%.

Concurrent Technologies Trading Up 0.8%

LON:CNC traded up GBX 2.20 during trading hours on Friday, reaching GBX 262.20. 178,110 shares of the company were exchanged, compared to its average volume of 309,889. The firm has a market cap of £238.19 million, a price-to-earnings ratio of 46.99 and a beta of 1.29. The stock has a 50 day simple moving average of GBX 256.26 and a 200 day simple moving average of GBX 244.45. Concurrent Technologies has a 52-week low of GBX 173.50 and a 52-week high of GBX 286. The company has a debt-to-equity ratio of 6.56, a current ratio of 2.52 and a quick ratio of 1.86.

Analysts Set New Price Targets

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

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.