Concurrent Technologies (LON:CNC) Hits New 12-Month High – Should You Buy?

Concurrent Technologies Plc (LON:CNC)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 268 and last traded at GBX 260, with a volume of 259714 shares trading hands. The stock had previously closed at GBX 259.

Wall Street Analyst Weigh In

Separately, Berenberg Bank started coverage on Concurrent Technologies in a research report on Wednesday, January 21st. They set a “buy” rating and a GBX 275 price objective for the company. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Concurrent Technologies currently has a consensus rating of “Buy” and an average price target of GBX 275.

Concurrent Technologies Stock Up 0.4%

The firm’s fifty day moving average is GBX 231.89 and its two-hundred day moving average is GBX 215.97. The firm has a market cap of £226.17 million, a price-to-earnings ratio of 49.34 and a beta of 0.69. The company has a debt-to-equity ratio of 1.54, a current ratio of 5.11 and a quick ratio of 1.86.

Insider Buying and Selling

In other news, insider Brent Salgat sold 69,445 shares of the stock in a transaction that occurred 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 business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of GBX 242, for a total value of £250,172.34. Corporate insiders own 12.26% 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.