Concurrent Technologies (LON:CNC) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Concurrent Technologies Plc (LON:CNC) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 146.91 ($1.90) and traded as high as GBX 168 ($2.17). Concurrent Technologies shares last traded at GBX 165.10 ($2.13), with a volume of 337,691 shares changing hands.

Concurrent Technologies Stock Down 9.3 %

The company has a current ratio of 5.11, a quick ratio of 1.86 and a debt-to-equity ratio of 1.54. The stock’s 50-day moving average price is GBX 175.49 and its 200-day moving average price is GBX 147.07. The company has a market cap of £130.46 million, a P/E ratio of 25.82 and a beta of 0.69.

Insider Buying and Selling

In other Concurrent Technologies news, insider Brent Salgat sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of GBX 166 ($2.14), for a total transaction of £16,600 ($21,413.83). 8.96% of the stock is owned by company insiders.

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.