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Concurrent Technologies ( (GB:CNC) ) has issued an update.
Concurrent Technologies Plc announced that CEO Miles Adcock has sold 61,539 ordinary shares at an average price of 225p, leaving him with a total interest of 151,429 shares, representing 0.18% of the company’s issued share capital. This transaction may impact investor perceptions and the company’s market positioning, as it reflects a significant share dealing by a top executive.
The most recent analyst rating on (GB:CNC) stock is a Buy with a £2.20 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 Outperform.
Concurrent Technologies’ strong financial performance is the most significant factor, supported by robust revenue growth and effective cash management. However, the technical indicators suggest neutral to bearish momentum, and the high P/E ratio indicates the stock may be overvalued, which tempers the overall score.
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 various high-performance markets, including telecommunications, defense, security, telemetry, scientific, and aerospace. Their products, featuring Intel processors, are designed for long-life cycle applications and are compliant with industry specifications, supporting leading embedded operating systems.
Average Trading Volume: 333,438
Technical Sentiment Signal: Buy
Current Market Cap: £191.5M
For an in-depth examination of CNC stock, go to TipRanks’ Overview page.