Concurrent Technologies (LON:CNC) Trading Up 8.4% – What’s Next?

Concurrent Technologies Plc (LON:CNC)’s share price shot up 8.4% during mid-day trading on Tuesday . The stock traded as high as GBX 264.70 and last traded at GBX 264. 842,332 shares changed hands during trading, an increase of 150% from the average session volume of 336,545 shares. The stock had previously closed at GBX 243.50.

Concurrent Technologies Stock Performance

The company has a debt-to-equity ratio of 1.54, a current ratio of 5.11 and a quick ratio of 1.86. The firm’s 50-day moving average price is GBX 226.09 and its 200-day moving average price is GBX 203.01. The stock has a market cap of £228.29 million, a P/E ratio of 50.09 and a beta of 0.69.

Concurrent Technologies (LON:CNC) last posted its earnings results on Monday, September 8th. The technology company reported GBX 2.78 earnings per share for the quarter. Concurrent Technologies had a net margin of 13.89% and a return on equity of 13.89%. Sell-side analysts expect that Concurrent Technologies Plc will post 6.1015119 earnings per share for the current fiscal 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.