Concurrent Technologies (LON:CNC) Announces Earnings Results

Concurrent Technologies (LON:CNC) announced its quarterly earnings data on Monday. The technology company reported GBX 3.06 earnings per share for the quarter, Digital Look Earnings reports. Concurrent Technologies had a return on equity of 11.85% and a net margin of 11.03%.

Concurrent Technologies Trading Down 0.4%

CNC opened at GBX 279 on Tuesday. Concurrent Technologies has a one year low of GBX 173.50 and a one year high of GBX 286. The company has a debt-to-equity ratio of 4.84, a current ratio of 3.64 and a quick ratio of 1.86. The business has a 50 day simple moving average of GBX 256.29 and a two-hundred day simple moving average of GBX 244.42. The firm has a market capitalization of £253.45 million, a price-to-earnings ratio of 50.00 and a beta of 1.29.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their target price on shares of Concurrent Technologies from GBX 275 to GBX 320 and gave the stock a “buy” rating in a research note on Monday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Concurrent Technologies presently has an average rating of “Buy” and an average price target of GBX 285.

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.