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

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

Redcentric Price Performance

The company has a market cap of £90.48 million, a PE ratio of 58.80 and a beta of 0.21. The firm’s 50-day moving average is GBX 100.34 and its 200-day moving average is GBX 114.77. The company has a quick ratio of 0.34, a current ratio of 1.66 and a debt-to-equity ratio of 66.99.

Redcentric (LON:RCN) last issued its quarterly earnings data on Monday, September 28th. The company reported GBX 1.99 EPS for the quarter. Redcentric had a net margin of 9.18% and a return on equity of 20.35%. On average, equities analysts anticipate that Redcentric plc will post 8.8015647 EPS for the current year.

Insider Activity

In related news, insider Alan John Aubrey sold 39,343 shares of the company’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 John Radziwill sold 9,345,454 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 £14,952,726.40. Insiders sold a total of 21,331,936 shares of company stock worth $3,413,109,760 in the last quarter. 48.23% of the stock is owned by company 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.