Redcentric (LON:RCN) Sets New 52-Week High at $136.00

Redcentric plc (LON:RCN)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 136 ($1.69) and last traded at GBX 132 ($1.64), with a volume of 117231 shares. The stock had previously closed at GBX 130 ($1.62).

Redcentric Trading Up 0.7 %

The company has a market cap of £226.31 million, a price-to-earnings ratio of -7,150.00 and a beta of 0.16. The business’s fifty day moving average price is GBX 129.56 and its 200 day moving average price is GBX 123.91. The company has a debt-to-equity ratio of 131.40, a current ratio of 0.87 and a quick ratio of 0.34.

Redcentric Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, March 7th were issued a dividend of GBX 1.20 ($0.01) per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a dividend yield of 1.14%. Redcentric’s dividend payout ratio (DPR) is presently -20,000.00%.

Insider Buying and Selling

In other news, insider Oliver Rupert Andrew Scott bought 1,000 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was acquired at an average price of GBX 126 ($1.57) per share, with a total value of £1,260 ($1,568.53). Insiders bought 8,000 shares of company stock valued at $1,050,000 over the last quarter. Insiders own 21.06% of the company’s stock.

Redcentric Company Profile

Redcentric plc provides IT managed services for public and private sector in the United Kingdom. It offers connectivity, software-defined wide area network (WAN), local area network (LAN), managed WAN and LAN, secure remote access, network connectivity options, secure remote and internet access, HSCN and public cloud connectivity, cellular MPLS primary and failover, WAN insight, and managed wireless networking services; and colocation, infrastructure as a service, hybrid cloud, platform as a service, digital transformation consultancy, modern workplace, managed public cloud, backup as a service, disaster recovery as a service, virtual desktops, full stack managed service, OS level managed service, e-commerce and SAP hybris, application modernisation and services experts, database administration, AI and machine learning, and cloud migration and consultancy services.