Redcentric (LON:RCN) Releases Quarterly Earnings Results

Redcentric (LON:RCN) released its earnings results on Monday. The company reported GBX 1.99 earnings per share for the quarter, Digital Look Earnings reports. Redcentric had a net margin of 2.14% and a return on equity of 4.57%.

Redcentric Price Performance

Shares of RCN opened at GBX 92.44 on Tuesday. The firm has a 50-day simple moving average of GBX 102.39 and a two-hundred day simple moving average of GBX 115.47. The stock has a market cap of £94.83 million, a PE ratio of 61.63 and a beta of 0.21. Redcentric has a 1-year low of GBX 92.44 and a 1-year high of GBX 160. The company has a debt-to-equity ratio of 85.17, a current ratio of 1.56 and a quick ratio of 0.34.

Insiders Place Their Bets

In other news, insider Alan John Aubrey sold 39,343 shares of the firm’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 £62,948.80. Also, insider John Radziwill sold 9,345,454 shares of Redcentric stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of GBX 160, for a total transaction of £14,952,726.40. Insiders have sold 21,331,936 shares of company stock worth $3,413,109,760 over the last ninety days. 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.