Concurrent Technologies (LON:CNC) Announces Earnings Results

Concurrent Technologies (LON:CNC) released 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 net margin of 11.03% and a return on equity of 11.85%.

Concurrent Technologies Stock Up 5.0%

CNC opened at GBX 275.55 on Monday. Concurrent Technologies has a fifty-two week low of GBX 173.50 and a fifty-two week high of GBX 286. The firm has a market capitalization of £250.32 million, a P/E ratio of 49.38 and a beta of 1.30. The company’s 50-day moving average is GBX 256.01 and its 200 day moving average is GBX 244.34. The company has a debt-to-equity ratio of 4.84, a current ratio of 3.64 and a quick ratio of 1.86.

Analyst Ratings Changes

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

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.