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

Concurrent Technologies logo with Computer and Technology background

Concurrent Technologies Plc (LON:CNC - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 146.91 ($1.87) and traded as high as GBX 168 ($2.14). Concurrent Technologies shares last traded at GBX 165.10 ($2.10), with a volume of 337,691 shares changing hands.

Concurrent Technologies Stock Performance

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 company has a 50 day moving average price of GBX 174.69 and a 200 day moving average price of GBX 147.66. The company has a market capitalization of £122.68 million, a PE ratio of 24.28 and a beta of 0.69.

Insider Buying and Selling at Concurrent Technologies

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 ($2.11), for a total transaction of £16,600 ($21,130.35). 8.96% of the stock is currently owned by insiders.

Concurrent Technologies Company Profile

(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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