Redcentric (LON:RCN) Announces Earnings Results

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

Redcentric Stock Performance

Shares of LON:RCN traded up GBX 3.69 during trading on Wednesday, hitting GBX 94.99. The company’s stock had a trading volume of 87,650 shares, compared to its average volume of 371,676. The company has a 50-day moving average of GBX 101.71 and a 200-day moving average of GBX 115.29. Redcentric has a 12 month low of GBX 91.01 and a 12 month 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. The firm has a market cap of £97.44 million, a price-to-earnings ratio of 63.33 and a beta of 0.21.

Insider Buying and Selling

In related news, insider John Radziwill sold 9,345,454 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 transaction of £14,952,726.40. Also, insider Alan John Aubrey sold 39,343 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 transaction of £62,948.80. Over the last quarter, insiders have sold 21,331,936 shares of company stock valued at $3,413,109,760. 48.23% of the stock is owned by insiders.

About Redcentric

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.