Redcentric (LON:RCN) Hits New 12-Month Low – Here’s Why

Redcentric plc (LON:RCN)’s stock price reached a new 52-week low during trading on Monday. The stock traded as low as GBX 87 and last traded at GBX 88.20, with a volume of 178258 shares. The stock had previously closed at GBX 90.20.

Redcentric Stock Down 2.2%

The stock’s 50 day simple moving average is GBX 100.34 and its two-hundred day simple moving average is GBX 114.77. The firm has a market cap of £90.48 million, a P/E ratio of 58.80 and a beta of 0.21. The company has a debt-to-equity ratio of 66.99, a current ratio of 1.66 and a quick ratio of 0.34.

Redcentric (LON:RCN) last issued its quarterly earnings results on Monday, September 28th. The company reported GBX 1.99 EPS for the quarter. Redcentric had a return on equity of 20.35% and a net margin of 9.18%. As a group, research analysts forecast that Redcentric plc will post 8.8015647 earnings per share for the current year.

Insider Buying and Selling at Redcentric

In other Redcentric news, insider Alan John Aubrey sold 39,343 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of GBX 160, for a total value of £62,948.80. Also, insider Oliver Rupert Andrew Scott sold 11,947,139 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of GBX 160, for a total value of £19,115,422.40. Over the last 90 days, insiders sold 21,331,936 shares of company stock worth $3,413,109,760. 48.23% of the stock is owned by insiders.

About Redcentric

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.