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

Concurrent Technologies Plc (LON:CNC) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 Up 6.8 %

The firm has a 50-day moving average price of GBX 174.99 and a two-hundred day moving average price of GBX 144.94. The firm has a market cap of £144.83 million, a price-to-earnings ratio of 28.66 and a beta of 0.69. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.86 and a current ratio of 5.11.

Insiders Place Their Bets

In other news, insider Brent Salgat sold 10,000 shares of Concurrent Technologies stock in a transaction dated 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). 8.96% of the stock is owned by corporate insiders.

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.