Concurrent Technologies (LON:CNC) Sets New 12-Month High – Should You Buy?

Concurrent Technologies Plc (LON:CNC)’s share price reached a new 52-week high during trading on Wednesday. The stock traded as high as GBX 290 and last traded at GBX 281, with a volume of 157,017 shares. The stock had previously closed at GBX 275.

Analyst Ratings Changes

Separately, Berenberg Bank increased their price target on Concurrent Technologies from GBX 275 to GBX 320 and gave the company a “buy” rating in a report on Monday, September 7th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, Concurrent Technologies currently has an average rating of “Buy” and a consensus price target of GBX 285.

Concurrent Technologies Trading Up 2.2%

The company has a current ratio of 2.52, a quick ratio of 1.86 and a debt-to-equity ratio of 6.56. The business’s 50-day moving average is GBX 258.76 and its two-hundred day moving average is GBX 248.39. The firm has a market cap of £255.27 million, a P/E ratio of 49.04 and a beta of 1.28.

Concurrent Technologies (LON:CNC) last posted its earnings results on Monday, September 7th. The technology company reported GBX 3.06 earnings per share (EPS) for the quarter. Concurrent Technologies had a return on equity of 11.21% and a net margin of 10.85%. As a group, analysts expect that Concurrent Technologies Plc will post 6.10 earnings per share for the current fiscal year.

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.