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An update from Concurrent Technologies ( (GB:CNC) ) is now available.
Concurrent Technologies Plc has announced the issuance of 100,000 new ordinary shares to satisfy the exercise of options by employees under its Long Term Incentive Plan. This move, which involves an application for trading on the AIM market of the London Stock Exchange, will increase the total number of ordinary shares with voting rights to 86,839,048. This development is significant for stakeholders as it impacts the calculation of their interests in the company under the FCA’s Disclosure Guidance and Transparency Rules.
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 use in a wide range of high performance, long life cycle applications within the telecommunications, defence, security, telemetry, scientific and aerospace markets. Their products, featuring Intel processors, are designed to be compliant with industry specifications and support many leading embedded Operating Systems, and are sold worldwide.
Average Trading Volume: 292,080
Technical Sentiment Signal: Buy
Current Market Cap: £193.9M
See more insights into CNC stock on TipRanks’ Stock Analysis page.