Concurrent Technologies (LON:CNC) Trading 8.6% Higher – Should You Buy?

Concurrent Technologies Plc (LON:CNC) shares were up 8.6% during trading on Thursday . The stock traded as high as GBX 275 and last traded at GBX 272.50. Approximately 393,775 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 375,354 shares. The stock had previously closed at GBX 251.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 275 price target on shares of Concurrent Technologies in a research note on Friday, May 1st. Stifel Nicolaus restated a “buy” rating and set a GBX 250 price objective on shares of Concurrent Technologies in a report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Concurrent Technologies currently has an average rating of “Buy” and a consensus price target of GBX 262.50.

Concurrent Technologies Trading Down 0.9%

The company has a quick ratio of 1.86, a current ratio of 3.64 and a debt-to-equity ratio of 4.84. The company has a market capitalization of £245.27 million, a P/E ratio of 48.39 and a beta of 1.30. The firm’s 50-day moving average price is GBX 236.52 and its 200 day moving average price is GBX 236.22.

Concurrent Technologies (LON:CNC) last announced its quarterly earnings results on Monday, April 13th. The technology company reported GBX 5.86 earnings per share for the quarter. The business had revenue of GBX 4,587 million for the quarter. Concurrent Technologies had a net margin of 11.03% and a return on equity of 11.85%. As a group, equities research analysts predict 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. 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.