Concurrent Technologies (LON:CNC) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Concurrent Technologies Plc (LON:CNC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 213.96 and traded as high as GBX 233. Concurrent Technologies shares last traded at GBX 225, with a volume of 502,148 shares.

Concurrent Technologies Stock Up 0.4%

The stock has a market cap of £195.63 million, a price-to-earnings ratio of 42.67 and a beta of 0.69. The stock has a 50 day simple moving average of GBX 231.97 and a 200 day simple moving average of GBX 213.96. The company has a quick ratio of 1.86, a current ratio of 5.11 and a debt-to-equity ratio of 1.54.

Insider Buying and Selling at Concurrent Technologies

In other Concurrent Technologies news, insider Brent Salgat sold 69,445 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of GBX 217, for a total transaction of £150,695.65. Also, insider Miles Adcock sold 103,377 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of GBX 242, for a total transaction of £250,172.34. Company insiders own 12.26% of the company’s stock.

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.