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Concurrent Technologies (LON:CNC) Stock Crosses Above 200 Day Moving Average - Here's What Happened

Concurrent Technologies logo with Computer and Technology background

Concurrent Technologies Plc (LON:CNC - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 173.60 ($2.37) and traded as high as GBX 196.29 ($2.68). Concurrent Technologies shares last traded at GBX 196.29 ($2.68), with a volume of 177,209 shares trading hands.

Concurrent Technologies Trading Up 0.2%

The company has a market cap of £169.59 million, a P/E ratio of 33.56 and a beta of 0.69. The business's 50-day moving average price is GBX 195.12 and its 200 day moving average price is GBX 173.60. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.86 and a current ratio of 5.11.

Concurrent Technologies (LON:CNC - Get Free Report) last posted 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 return on equity of 13.89% and a net margin of 13.89%. As a group, analysts expect that Concurrent Technologies Plc will post 6.1015119 earnings per share for the current year.

Concurrent Technologies Company Profile

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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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