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Concurrent Technologies (LON:CNC) Hits New 52-Week High - Time to Buy?

Concurrent Technologies logo with Computer and Technology background

Shares of Concurrent Technologies Plc (LON:CNC - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as GBX 210 ($2.85) and last traded at GBX 207.50 ($2.82), with a volume of 470961 shares trading hands. The stock had previously closed at GBX 199.04 ($2.70).

Concurrent Technologies Trading Up 4.3%

The company has a quick ratio of 1.86, a current ratio of 5.11 and a debt-to-equity ratio of 1.54. The firm's 50 day simple moving average is GBX 171.55 and its two-hundred day simple moving average is GBX 162.47. The stock has a market cap of £179.27 million, a P/E ratio of 35.48 and a beta of 0.69.

Concurrent Technologies (LON:CNC - Get Free Report) last released its quarterly earnings results on Monday, April 14th. The technology company reported GBX 5.49 ($0.07) EPS for the quarter. Concurrent Technologies had a net margin of 13.89% and a return on equity of 13.89%. As a group, equities research analysts predict that Concurrent Technologies Plc will post 6.1015119 earnings per share for the current fiscal year.

Insider Activity at Concurrent Technologies

In other Concurrent Technologies news, insider Brent Salgat sold 10,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of GBX 166 ($2.25), for a total value of £16,600 ($22,523.74). 8.96% of the stock is currently owned by insiders.

About Concurrent Technologies

(Get Free Report)

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.

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