Concurrent Technologies (LON:CNC) Reaches New 52-Week High - Here's Why

Key Points

• Concurrent Technologies Plc reached a new 52-week high of GBX 235 ($3.17) on Monday, closing at GBX 234 ($3.15) with a trading volume of 140,033 shares.
• The company reported earnings of GBX 2.78 per share for the quarter, with a net margin and return on equity both at 13.89%.
• With a market capitalization of £202.34 million, Concurrent Technologies has a notably high P/E ratio of 4,440.23 and a solid current ratio of 5.11, indicating financial stability.

Concurrent Technologies Plc (LON:CNC - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as GBX 235 ($3.17) and last traded at GBX 234 ($3.15), with a volume of 140033 shares trading hands. The stock had previously closed at GBX 232.35 ($3.13).

Concurrent Technologies Trading Up 0.7%

The stock has a market cap of £202.34 million, a P/E ratio of 4,440.23 and a beta of 0.69. The company has a debt-to-equity ratio of 1.54, a current ratio of 5.11 and a quick ratio of 1.86. The firm's 50 day moving average price is GBX 195.85 and its 200-day moving average price is GBX 188.06.

Concurrent Technologies (LON:CNC - Get Free Report) last announced its quarterly earnings data on Monday, September 8th. The technology company reported GBX 2.78 earnings per share 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 forecast that Concurrent Technologies Plc will post 6.1015119 earnings per share for the current 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.

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