Concurrent Technologies (LON:CNC) Stock Price Up 7.2% – Time to Buy?

Shares of Concurrent Technologies Plc (LON:CNC) rose 7.2% on Monday. The stock traded as high as GBX 270 and last traded at GBX 268. 220,113 shares were traded during trading, a decline of 27% from the average daily volume of 299,664 shares. The stock had previously closed at GBX 250.

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their price target on Concurrent Technologies from GBX 275 to GBX 320 and gave the company a “buy” rating in a report on Monday, September 7th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 285.

Concurrent Technologies Trading Up 7.2%

The firm has a market capitalization of £243.46 million, a price-to-earnings ratio of 46.77 and a beta of 1.29. The company has a debt-to-equity ratio of 6.56, a quick ratio of 1.86 and a current ratio of 2.52. The company has a 50 day moving average price of GBX 255.27 and a two-hundred day moving average price of GBX 244.46.

Concurrent Technologies (LON:CNC) last released its quarterly earnings results on Monday, September 7th. The technology company reported GBX 3.06 earnings per share (EPS) for the quarter. Concurrent Technologies had a net margin of 10.85% and a return on equity of 11.21%. On average, research analysts forecast that Concurrent Technologies Plc will post 6.1015119 EPS for the current year.

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.