Redcentric (LON:RCN) Insider Sells £19,115,422.40 in Stock

Redcentric plc (LON:RCN) insider Oliver Rupert Andrew Scott sold 11,947,139 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of GBX 160, for a total value of £19,115,422.40.

Redcentric Price Performance

Shares of RCN stock opened at GBX 98.50 on Friday. The company has a debt-to-equity ratio of 85.17, a current ratio of 1.56 and a quick ratio of 0.34. The company has a market capitalization of £156.93 million, a PE ratio of 65.67 and a beta of 0.22. The firm’s 50-day moving average is GBX 119.28 and its two-hundred day moving average is GBX 119.81. Redcentric plc has a 12 month low of GBX 95 and a 12 month high of GBX 160.

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.