Concurrent Technologies (LON:CNC) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Concurrent Technologies Plc (LON:CNC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 138.51 ($1.77) and traded as high as GBX 166.95 ($2.14). Concurrent Technologies shares last traded at GBX 163 ($2.09), with a volume of 323,137 shares.

Concurrent Technologies Price Performance

The stock has a market cap of £151.19 million, a price-to-earnings ratio of 29.92 and a beta of 0.69. The company has a current ratio of 5.11, a quick ratio of 1.86 and a debt-to-equity ratio of 1.54. The company's fifty day moving average is GBX 164.99 and its two-hundred day moving average is GBX 139.83.

Insider Transactions at Concurrent Technologies

In other news, insider Brent Salgat sold 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of GBX 166 ($2.12), for a total transaction of £16,600 ($21,235.77). Company 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.