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

Key Points

• Shares of Concurrent Technologies Plc (LON:CNC) have recently crossed above their 200-day moving average, indicating positive momentum as the stock traded as high as GBX 235.
• The company's earnings report revealed an earnings per share (EPS) of GBX 2.78 with analysts predicting a future EPS of approximately 6.10 for the current year.
• Concurrent Technologies operates in high-performance industries, manufacturing embedded computer products for sectors such as telecommunications and aerospace.

Shares of Concurrent Technologies Plc (LON:CNC - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 189.15 ($2.52) and traded as high as GBX 235 ($3.13). Concurrent Technologies shares last traded at GBX 227.55 ($3.03), with a volume of 591,750 shares.

Concurrent Technologies Price Performance

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 stock has a market cap of £197.91 million, a P/E ratio of 4,342.81 and a beta of 0.69. The firm's fifty day moving average price is GBX 199.15 and its 200-day moving average price is GBX 189.15.

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

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