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Concurrent Technologies ( (GB:CNC) ) has issued an announcement.
Concurrent Technologies Plc, a designer and manufacturer of advanced computer products and systems, announced the issuance of 39,116 new ordinary shares to satisfy employee options under their Long Term Incentive Plan. This move will increase the total voting shares to 86,430,327, impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
Spark’s Take on GB:CNC Stock
According to Spark, TipRanks’ AI Analyst, GB:CNC is a Outperform.
Concurrent Technologies shows strong financial performance and positive corporate events, which are the most significant factors contributing to its score. Technical analysis indicates moderate bullish momentum, while valuation remains a concern due to a high P/E ratio and low dividend yield.
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 telecommunications, defence, security, telemetry, scientific, and aerospace markets. Their products, featuring Intel processors, are designed for high performance and long life cycle applications, including harsh environments, and are compliant with industry specifications.
Average Trading Volume: 263,122
Technical Sentiment Signal: Buy
Current Market Cap: £167.6M
For an in-depth examination of CNC stock, go to TipRanks’ Overview page.