Concurrent Technologies (LON:CNC) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Concurrent Technologies Plc (LON:CNC - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 158.20 ($2.12) and traded as high as GBX 188 ($2.52). Concurrent Technologies shares last traded at GBX 186.16 ($2.49), with a volume of 27,535 shares trading hands.

Concurrent Technologies Stock Performance

The company has a current ratio of 5.11, a quick ratio of 1.86 and a debt-to-equity ratio of 1.54. The company's 50-day simple moving average is GBX 169.11 and its 200-day simple moving average is GBX 160.37. The stock has a market capitalization of £167.63 million, a price-to-earnings ratio of 33.17 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) earnings per share for the quarter. Concurrent Technologies had a net margin of 13.89% and a return on equity of 13.89%. On average, analysts expect that Concurrent Technologies Plc will post 6.1015119 EPS for the current year.

Insiders Place Their Bets

In other 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 ($2.22), for a total value of £16,600 ($22,231.15). Corporate insiders own 8.96% of the company's stock.

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.