Concurrent Technologies (LON:CNC) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Concurrent Technologies Plc (LON:CNC) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 242.04 and traded as high as GBX 265. Concurrent Technologies shares last traded at GBX 265, with a volume of 463,156 shares.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 275 target price on shares of Concurrent Technologies in a report on Tuesday, July 14th. Stifel Nicolaus restated a “buy” rating and set a GBX 250 price target on shares of Concurrent Technologies in a research note on Wednesday, April 15th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Concurrent Technologies currently has a consensus rating of “Buy” and a consensus price target of GBX 262.50.

Concurrent Technologies Price Performance

The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.86 and a current ratio of 3.64. The company has a market capitalization of £247.09 million, a PE ratio of 48.75 and a beta of 1.30. The company’s 50-day simple moving average is GBX 256.99 and its 200-day simple moving average is GBX 242.38.

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. The processor products feature Intel® processors, including the latest 9th generation embedded Intel® Core™ processors, Intel® Xeon® and Intel® Atom™ processors. The products are designed to be compliant with industry specifications and support many of today’s leading embedded Operating Systems.