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Concurrent Technologies ( (GB:CNC) ) has shared an announcement.
Concurrent Technologies Plc announced the admission of 100,000 new ordinary shares to the AIM market of the London Stock Exchange, following the exercise of options by Chief Revenue Officer Brent Salgat. This transaction, which included the sale of 69,445 shares to cover costs, results in Salgat holding 201,555 shares, representing 0.23% of the company’s enlarged issued share capital. The total number of ordinary shares with voting rights now stands at 86,939,048, which shareholders can use to determine their interests under the FCA’s rules.
The most recent analyst rating on (GB:CNC) stock is a Hold with a £241.00 price target. To see the full list of analyst forecasts on Concurrent Technologies stock, see the GB:CNC Stock Forecast page.
Spark’s Take on GB:CNC Stock
According to Spark, TipRanks’ AI Analyst, GB:CNC is a Neutral.
Concurrent Technologies’ strong financial performance is the primary driver of its score, supported by solid revenue and cash flow growth. However, technical indicators suggest bearish momentum, and the high P/E ratio raises valuation concerns. Corporate events present mixed signals, with a promising defense contract but potential negative sentiment from the CEO’s share sale.
To see Spark’s full report on GB:CNC stock, click here.
More about Concurrent Technologies
Concurrent Technologies Plc develops and manufactures high-end embedded Plug In Cards and Systems for use in a wide range of high performance, long life cycle applications within the telecommunications, defence, security, telemetry, scientific, and aerospace markets. Their products feature Intel® processors and are designed to be compliant with industry specifications, supporting many leading embedded Operating Systems. The products are sold worldwide.
Average Trading Volume: 269,406
Technical Sentiment Signal: Strong Buy
Current Market Cap: £191.3M
See more data about CNC stock on TipRanks’ Stock Analysis page.