Concurrent Technologies (LON:CNC) Issues Earnings Results

Concurrent Technologies (LON:CNC) released its quarterly earnings data on Monday. The technology company reported GBX 3.06 earnings per share for the quarter, Digital Look Earnings reports. Concurrent Technologies had a return on equity of 11.21% and a net margin of 10.85%.

Concurrent Technologies Stock Performance

Shares of CNC stock opened at GBX 275 on Wednesday. The firm has a 50 day moving average of GBX 256.58 and a 200-day moving average of GBX 244.47. The company has a market cap of £249.82 million, a price-to-earnings ratio of 49.28 and a beta of 1.29. The company has a quick ratio of 1.86, a current ratio of 2.52 and a debt-to-equity ratio of 6.56. Concurrent Technologies has a 52 week low of GBX 173.50 and a 52 week high of GBX 286.

Analyst Ratings Changes

Separately, Berenberg Bank boosted their price objective on shares of Concurrent Technologies from GBX 275 to GBX 320 and gave the stock a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 285.

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. 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.