Concurrent Technologies (LON:CNC) Issues Quarterly Earnings Results

Concurrent Technologies (LON:CNC) posted its quarterly earnings results on Monday. The technology company reported GBX 3.06 earnings per share (EPS) 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 Stock Up 5.0%

Shares of LON CNC traded up GBX 13.05 during midday trading on Monday, hitting GBX 275.55. 449,330 shares of the stock traded hands, compared to its average volume of 312,116. The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.86 and a current ratio of 3.64. Concurrent Technologies has a one year low of GBX 173.50 and a one year high of GBX 286. The business has a 50 day moving average price of GBX 256.01 and a two-hundred day moving average price of GBX 244.34. The company has a market cap of £250.32 million, a PE ratio of 49.38 and a beta of 1.30.

Wall Street Analysts Forecast Growth

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