Concurrent Technologies (LON:CNC) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Concurrent Technologies Plc's stock price has now surpassed its 200-day moving average of GBX 181.78 ($2.44), reaching a high of GBX 186.40 ($2.51) during trading.
• The company has a market capitalization of £159.91 million and a P/E ratio of 31.65, indicating its current valuation relative to earnings.
• Concurrent Technologies specializes in developing high-end embedded computer products for various demanding sectors such as telecommunications, defense, and aerospace.

Shares of Concurrent Technologies Plc (LON:CNC - ) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 181.78 ($2.44) and traded as high as GBX 186.40 ($2.51). Concurrent Technologies shares last traded at GBX 185.09 ($2.49), with a volume of 580,174 shares.

Concurrent Technologies Stock Performance

The stock has a market capitalization of £159.91 million, a P/E ratio of 31.65 and a beta of 0.69. The firm has a 50-day moving average of GBX 192.85 and a 200 day moving average of GBX 181.78. The company has a quick ratio of 1.86, a current ratio of 5.11 and a debt-to-equity ratio of 1.54.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.