Concurrent Technologies (LON:CNC) Shares Pass Above 200-Day Moving Average – Here’s Why

Concurrent Technologies Plc (LON:CNC)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 144.94 ($1.88) and traded as high as GBX 167.98 ($2.17). Concurrent Technologies shares last traded at GBX 167.64 ($2.17), with a volume of 214,887 shares traded.

Concurrent Technologies Stock Performance

The firm has a 50 day moving average price of GBX 175.69 and a 200-day moving average price of GBX 145.26. The firm has a market capitalization of £147.31 million, a price-to-earnings ratio of 29.15 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 Activity

In other Concurrent Technologies news, insider Brent Salgat sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of GBX 166 ($2.15), for a total transaction of £16,600 ($21,491.46). Company insiders own 8.96% of the company’s stock.

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.