Concurrent Technologies (LON:CNC) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Concurrent Technologies Plc (LON:CNC) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Concurrent Technologies Stock Performance

The stock has a market cap of £144.83 million, a PE ratio of 28.66 and a beta of 0.69. The stock has a fifty day moving average of GBX 174.99 and a 200-day moving average of GBX 144.94. The company has a quick ratio of 1.86, a current ratio of 5.11 and a debt-to-equity ratio of 1.54.

Insider Buying and Selling at Concurrent Technologies

In other news, insider Brent Salgat sold 10,000 shares of the firm’s 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 ($21,491.46). Company insiders own 8.96% of the company’s stock.

About Concurrent Technologies

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.