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Concurrent Technologies ( (GB:CNC) ) has issued an update.
Concurrent Technologies Plc has announced the issuance of 267,379 new ordinary shares to satisfy the exercise of options by CEO Miles Adcock. Following this transaction, Adcock sold 103,377 shares to cover associated costs, resulting in him holding 315,431 shares, representing 0.36% of the company’s enlarged share capital. This move is part of the company’s ongoing operations and impacts the total voting rights, which now stand at 86,739,048 ordinary shares.
The most recent analyst rating on (GB:CNC) stock is a Hold with a £289.00 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 demonstrates strong financial performance with robust revenue and cash flow growth, supported by a solid balance sheet. However, technical indicators suggest overbought conditions, and the high P/E ratio raises concerns about valuation. The absence of earnings call data and corporate events limits additional insights.
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 high-performance, long life cycle applications in telecommunications, defense, security, telemetry, scientific, and aerospace markets. Their products, featuring Intel processors, are designed to comply with industry specifications and support leading embedded operating systems, and are sold worldwide.
Average Trading Volume: 308,583
Technical Sentiment Signal: Buy
Current Market Cap: £208.4M
See more insights into CNC stock on TipRanks’ Stock Analysis page.