Concurrent Technologies (LON:CNC) Stock Passes Above 200-Day Moving Average – Should You Sell?

Concurrent Technologies Plc (LON:CNC) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 171.23 ($2.34) and traded as high as GBX 196 ($2.68). Concurrent Technologies shares last traded at GBX 196 ($2.68), with a volume of 124,086 shares trading hands.

Concurrent Technologies Price Performance

The company has a debt-to-equity ratio of 1.54, a current ratio of 5.11 and a quick ratio of 1.86. The business has a fifty day moving average of GBX 190.99 and a 200 day moving average of GBX 171.23. The stock has a market cap of £169.34 million, a PE ratio of 33.51 and a beta of 0.69.

Concurrent Technologies (LON:CNC) last announced its quarterly earnings results on Monday, April 14th. The technology company reported GBX 5.49 ($0.08) earnings per share (EPS) for the quarter. Concurrent Technologies had a return on equity of 13.89% and a net margin of 13.89%. Sell-side analysts anticipate that Concurrent Technologies Plc will post 6.1015119 earnings per share for the current year.

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.