Redcentric (LON:RCN) Sets New 12-Month Low – What’s Next?

Redcentric plc (LON:RCN) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 113.30 and last traded at GBX 118.02, with a volume of 79331 shares changing hands. The stock had previously closed at GBX 117.

Redcentric Trading Up 0.9%

The company has a market capitalization of £188.01 million, a price-to-earnings ratio of 78.68 and a beta of 0.13. The business has a fifty day moving average price of GBX 118.66 and a 200 day moving average price of GBX 124.70. The company has a debt-to-equity ratio of 85.17, a current ratio of 1.56 and a quick ratio of 0.34.

Redcentric (LON:RCN) last announced its quarterly earnings data on Wednesday, December 10th. The company reported GBX 1.86 earnings per share (EPS) for the quarter. Redcentric had a net margin of 2.14% and a return on equity of 4.57%. On average, equities analysts expect that Redcentric plc will post 8.8015647 EPS for the current fiscal year.

Insider Activity at Redcentric

In related news, insider Richard McGuire bought 29,000 shares of Redcentric stock in a transaction that occurred on Wednesday, December 24th. The stock was acquired at an average price of GBX 118 per share, for a total transaction of £34,220. Insiders have bought a total of 75,000 shares of company stock worth $8,896,000 over the last three months. 34.71% of the stock is currently owned by corporate insiders.

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.