Redcentric (LON:RCN) Reaches New 1-Year Low – Should You Sell?

Redcentric plc (LON:RCN) shares reached a new 52-week low on Monday. The stock traded as low as GBX 93.46 and last traded at GBX 93.46, with a volume of 227100 shares. The stock had previously closed at GBX 96.

Redcentric Stock Down 2.6%

The firm has a market capitalization of £95.88 million, a price-to-earnings ratio of 62.31 and a beta of 0.21. The stock has a 50 day moving average of GBX 103.02 and a 200 day moving average of GBX 115.63. The company has a quick ratio of 0.34, a current ratio of 1.56 and a debt-to-equity ratio of 85.17.

Redcentric (LON:RCN) last announced its quarterly earnings data on Monday, September 28th. The company reported GBX 1.99 earnings per share (EPS) for the quarter. Redcentric had a return on equity of 4.57% and a net margin of 2.14%. As a group, analysts expect that Redcentric plc will post 8.8015647 earnings per share for the current fiscal year.

Insider Activity at Redcentric

In other Redcentric news, insider John Radziwill sold 9,345,454 shares of Redcentric stock in a transaction on Friday, July 24th. The shares were sold at an average price of GBX 160, for a total value of £14,952,726.40. Also, insider Oliver Rupert Andrew Scott sold 11,947,139 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of GBX 160, for a total transaction of £19,115,422.40. In the last ninety days, insiders have sold 21,331,936 shares of company stock valued at $3,413,109,760. Corporate insiders own 48.23% 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.