Concurrent Technologies (LON:CNC) Reaches New 1-Year High – Time to Buy?

Concurrent Technologies Plc (LON:CNC) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 270 and last traded at GBX 270, with a volume of 217775 shares trading hands. The stock had previously closed at GBX 263.50.

Analyst Ratings Changes

Separately, Berenberg Bank assumed coverage on shares of Concurrent Technologies in a research report on Wednesday, January 21st. They issued a “buy” rating and a GBX 275 target price on the stock. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 275.

Concurrent Technologies Stock Performance

The company has a quick ratio of 1.86, a current ratio of 5.11 and a debt-to-equity ratio of 1.54. The company has a 50 day moving average of GBX 236.92 and a 200 day moving average of GBX 222.28. The firm has a market cap of £235.74 million, a price-to-earnings ratio of 51.42 and a beta of 0.69.

Insider Buying and Selling

In related news, insider Brent Salgat sold 69,445 shares of Concurrent Technologies stock in a transaction on Monday, December 8th. The shares were sold at an average price of GBX 217, for a total value 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 shares were sold at an average price of GBX 242, for a total transaction of £250,172.34. Corporate insiders own 12.45% of the company’s stock.

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.