Concurrent Technologies (LON:CNC) Reaches New 12-Month High – Here’s What Happened

Concurrent Technologies Plc (LON:CNC)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 280 and last traded at GBX 277.92, with a volume of 443996 shares changing hands. The stock had previously closed at GBX 275.

Analyst Ratings Changes

A number of equities analysts recently commented on CNC shares. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 250 target price on shares of Concurrent Technologies in a research report on Wednesday, April 15th. Berenberg Bank restated a “buy” rating and set a GBX 275 price target on shares of Concurrent Technologies in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 262.50.

Concurrent Technologies Stock Up 1.1%

The company has a market capitalization of £252.46 million, a P/E ratio of 49.81 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 is GBX 257.56 and its 200 day moving average is GBX 242.73.

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.