Concurrent Technologies (LON:CNC) Shares Down 11.4% - Here's What Happened

Concurrent Technologies Plc (LON:CNC - Get Free Report) fell 11.4% during trading on Tuesday . The stock traded as low as GBX 175 ($2.35) and last traded at GBX 175.05 ($2.35). 477,095 shares changed hands during trading, an increase of 40% from the average session volume of 341,344 shares. The stock had previously closed at GBX 197.50 ($2.65).

Concurrent Technologies Stock Up 2.7%

The firm has a 50 day moving average of GBX 197.63 and a 200 day moving average of GBX 177.38. The company has a quick ratio of 1.86, a current ratio of 5.11 and a debt-to-equity ratio of 1.54. The firm has a market cap of £163.20 million, a price-to-earnings ratio of 32.30 and a beta of 0.69.

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) earnings per share 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 predict 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.