Concurrent Technologies (LON:CNC) Share Price Passes Above 200-Day Moving Average – Time to Sell?

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 242.04 and traded as high as GBX 265. Concurrent Technologies shares last traded at GBX 265, with a volume of 463,156 shares traded.

Analyst Ratings Changes

A number of research firms recently commented on CNC. Stifel Nicolaus reissued a “buy” rating and issued a GBX 250 target price on shares of Concurrent Technologies in a research note on Wednesday, April 15th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 275 price target on shares of Concurrent Technologies in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 262.50.

Concurrent Technologies Trading Up 1.0%

The stock has a market capitalization of £240.73 million, a P/E ratio of 47.49 and a beta of 1.30. The company has a current ratio of 3.64, a quick ratio of 1.86 and a debt-to-equity ratio of 4.84. The stock’s fifty day moving average price is GBX 256.56 and its two-hundred day moving average price is GBX 242.04.

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.