Concurrent Technologies (LON:CNC) Shares Up 8.6% – What’s Next?

Concurrent Technologies Plc (LON:CNC) shares shot up 8.6% on Thursday . The company traded as high as GBX 275 and last traded at GBX 272.50. 393,775 shares were traded during mid-day trading, an increase of 5% from the average session volume of 375,354 shares. The stock had previously closed at GBX 251.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CNC. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 250 price target on shares of Concurrent Technologies in a research report on Wednesday, April 15th. Berenberg Bank reiterated a “buy” rating and issued a GBX 275 price target on shares of Concurrent Technologies in a research report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Concurrent Technologies presently has an average rating of “Buy” and a consensus target price of GBX 262.50.

Concurrent Technologies Trading Up 8.6%

The company has a market cap of £247.54 million, a PE ratio of 48.84 and a beta of 1.30. The stock’s 50 day moving average is GBX 233.23 and its 200-day moving average is GBX 235.84. The company has a quick ratio of 1.86, a current ratio of 3.64 and a debt-to-equity ratio of 4.84.

Concurrent Technologies (LON:CNC) last released its quarterly earnings results on Monday, April 13th. The technology company reported GBX 5.86 earnings per share (EPS) for the quarter. The company had revenue of GBX 4,587 million for the quarter. Concurrent Technologies had a net margin of 11.03% and a return on equity of 11.85%. As a group, sell-side analysts anticipate that Concurrent Technologies Plc will post 6.1015119 EPS for the current year.

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.