Concurrent Technologies (LON:CNC) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Concurrent Technologies Plc (LON:CNC)’s stock 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 ($2.30). Concurrent Technologies shares last traded at GBX 171 ($2.22), with a volume of 284,494 shares changing hands.

Concurrent Technologies Price 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 business has a 50 day simple moving average of GBX 172.66 and a 200-day simple moving average of GBX 143.67. The firm has a market capitalization of £141.69 million, a price-to-earnings ratio of 28.04 and a beta of 0.69.

Insider Transactions at Concurrent Technologies

In related 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 ($21,580.86). 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.