Concurrent Technologies (LON:CNC) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Concurrent Technologies Plc (LON:CNC)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 143.33 ($1.86) and traded as high as GBX 176.70 ($2.30). Concurrent Technologies shares last traded at GBX 171 ($2.22), with a volume of 284,494 shares.

Concurrent Technologies Stock Up 2.4 %

The firm’s 50-day simple moving average is GBX 172.12 and its 200 day simple moving average is GBX 143.33. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.86 and a current ratio of 5.11. The stock has a market capitalization of £147.74 million, a P/E ratio of 29.24 and a beta of 0.69.

Insiders Place Their Bets

In other news, insider Brent Salgat sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of GBX 166 ($2.16), for a total value of £16,600 ($21,561.24). Insiders own 8.96% of the company’s stock.

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.