Concurrent Technologies (LON:CNC) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Concurrent Technologies Plc stock recently surpassed its 200-day moving average, trading as high as GBX 212.99 ($2.90) and closing at GBX 211 ($2.87).
• The company reported an earnings per share (EPS) of GBX 2.78 for the previous quarter, with analysts forecasting a projected EPS of 6.10 for the current year.
• Concurrent Technologies specializes in developing high-end embedded computer products for various sectors, including telecommunications, defence, and aerospace.

Concurrent Technologies Plc (LON:CNC - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 182.61 ($2.46) and traded as high as GBX 212.99 ($2.87). Concurrent Technologies shares last traded at GBX 211 ($2.84), with a volume of 544,288 shares changing hands.

Concurrent Technologies Trading Up 3.3%

The stock has a 50-day moving average of GBX 186.92 and a 200 day moving average of GBX 183.82. The stock has a market cap of £198.21 million, a PE ratio of 4,425.10 and a beta of 0.69. The company has a quick ratio of 1.86, a current ratio of 5.11 and a debt-to-equity ratio of 1.54.

Concurrent Technologies (LON:CNC - Get Free Report) last issued its earnings results on Monday, September 8th. The technology company reported GBX 2.78 EPS for the quarter. Concurrent Technologies had a return on equity of 13.89% and a net margin of 13.89%. As a group, sell-side analysts anticipate 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.