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

Concurrent Technologies Plc (LON:CNC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 158.20 ($2.11) and traded as high as GBX 188 ($2.50). Concurrent Technologies shares last traded at GBX 186.16 ($2.48), with a volume of 27,535 shares.

Concurrent Technologies Price Performance

The business has a 50 day moving average price of GBX 167.84 and a two-hundred day moving average price of GBX 158.20. The stock has a market cap of £161.56 million, a PE ratio of 31.97 and a beta of 0.69. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.86 and a current ratio of 5.11.

Concurrent Technologies (LON:CNC) last announced its earnings results on Monday, April 14th. The technology company reported GBX 5.49 ($0.07) earnings per share for the quarter. Concurrent Technologies had a return on equity of 13.89% and a net margin of 13.89%. Research analysts expect that Concurrent Technologies Plc will post 6.1015119 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Brent Salgat sold 10,000 shares of Concurrent Technologies stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of GBX 166 ($2.21), for a total value of £16,600 ($22,092.09). 8.96% of the stock is currently owned by insiders.

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.