Concurrent Technologies (LON:CNC) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Concurrent Technologies Plc shares surpassed their 200-day moving average, reaching a high of GBX 223 ($2.99) during trading, indicating a positive trend in stock performance.
• The company's recent quarterly earnings report showed an earnings per share (EPS) of GBX 2.78, with analysts forecasting an EPS of 6.10 for the current year.
• With a market cap of £189.74 million and a low price-to-earnings (P/E) ratio of 4,163.57, Concurrent Technologies operates within a high-tech sector, specializing in embedded computer products for demanding applications.

Shares of Concurrent Technologies Plc (LON:CNC - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 191.35 ($2.57) and traded as high as GBX 223 ($2.99). Concurrent Technologies shares last traded at GBX 219.42 ($2.95), with a volume of 184,116 shares trading hands.

Concurrent Technologies Trading Down 1.6%

The firm has a market cap of £189.74 million, a price-to-earnings ratio of 4,163.57 and a beta of 0.69. The company has a fifty day moving average price of GBX 204 and a 200-day moving average price of GBX 191.35. The company has a current ratio of 5.11, a quick ratio of 1.86 and a debt-to-equity ratio of 1.54.

Concurrent Technologies (LON:CNC - Get Free Report) last issued its quarterly earnings data on Monday, September 8th. The technology company reported GBX 2.78 earnings per share (EPS) for the quarter. Concurrent Technologies had a return on equity of 13.89% and a net margin of 13.89%. As a group, research analysts expect that Concurrent Technologies Plc will post 6.1015119 EPS 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.

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