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Concurrent Technologies (LON:CNC) Share Price Passes Above 200-Day Moving Average - Here's What Happened

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Concurrent Technologies Plc (LON:CNC - Get Free Report)'s share price passed 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 ($2.29). Concurrent Technologies shares last traded at GBX 171 ($2.22), with a volume of 284,494 shares traded.

Concurrent Technologies Stock Down 1.9 %

The company has a market cap of £136.51 million, a PE ratio of 27.02 and a beta of 0.69. The stock has a 50-day moving average of GBX 173.61 and a 200-day moving average of GBX 144.08. The company has a quick ratio of 1.86, a current ratio of 5.11 and a debt-to-equity ratio of 1.54.

Insiders Place Their Bets

In other news, insider Brent Salgat sold 10,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of GBX 166 ($2.15), for a total value of £16,600 ($21,524.90). Corporate insiders own 8.96% of the company's stock.

About Concurrent Technologies

(Get Free Report)

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.

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