Concurrent Technologies (LON:CNC) Reaches New 12-Month High - Here's What Happened

Key Points

• Concurrent Technologies Plc shares recently hit a new 52-week high of GBX 220 ($2.99), reflecting significant trading activity with 692,951 shares changing hands.
• The company reported a quarterly earnings per share (EPS) of GBX 2.78, with a projected EPS of 6.10 for the current fiscal year.
• Concurrent Technologies specializes in high-end embedded computer products for critical sectors, including telecommunications, defense, and aerospace.

Concurrent Technologies Plc (LON:CNC - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as GBX 220 ($2.96) and last traded at GBX 219.65 ($2.96), with a volume of 692951 shares trading hands. The stock had previously closed at GBX 211 ($2.84).

Concurrent Technologies Trading Up 3.3%

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 business's 50-day moving average price is GBX 186.92 and its two-hundred day moving average price is GBX 183.82. The company has a market capitalization of £198.21 million, a price-to-earnings ratio of 4,425.10 and a beta of 0.69.

Concurrent Technologies (LON:CNC - Get Free Report) last released its quarterly earnings results 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%. Research analysts predict that Concurrent Technologies Plc will post 6.1015119 earnings per share 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.