Concurrent Technologies (LON:CNC) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Concurrent Technologies Plc (LON:CNC)’s share price 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 ($1.91) and traded as high as GBX 168 ($2.18). Concurrent Technologies shares last traded at GBX 165.10 ($2.14), with a volume of 337,691 shares trading hands.

Concurrent Technologies Trading Down 1.1 %

The business’s 50-day simple moving average is GBX 176.15 and its 200-day simple moving average is GBX 146.91. The company has a market cap of £142.64 million, a PE ratio of 28.23 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.

Insiders Place Their Bets

In other Concurrent Technologies news, insider Brent Salgat sold 10,000 shares of Concurrent Technologies stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of GBX 166 ($2.16), for a total value of £16,600 ($21,555.64). 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.