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An announcement from Concurrent Technologies ( (GB:CNC) ) is now available.
Concurrent Technologies Plc announced that Lord John Lee of Trafford has acquired a 3.6% stake in the company, holding 3,092,250 ordinary shares. This development highlights a significant investment from a prominent stakeholder, potentially impacting the company’s market perception and investor confidence.
More about Concurrent Technologies
Concurrent Technologies Plc develops and manufactures high-end embedded plug-in cards and systems for use in high-performance, long-life cycle applications across various industries, including telecommunications, defence, security, telemetry, scientific, and aerospace markets. Their processor products feature Intel processors and are designed to be compliant with industry specifications, supporting many leading embedded operating systems, and are sold worldwide.
YTD Price Performance: 12.55%
Average Trading Volume: 220,653
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £132.8M
For a thorough assessment of CNC stock, go to TipRanks’ Stock Analysis page.
