Redcentric (LON:RCN) Announces Quarterly Earnings Results

Redcentric (LON:RCN) posted its earnings results on Monday. The company reported GBX 1.99 EPS for the quarter, Digital Look Earnings reports. Redcentric had a net margin of 9.18% and a return on equity of 20.35%.

Redcentric Price Performance

Shares of Redcentric stock traded up GBX 0.04 on Friday, hitting GBX 90.20. 66,368 shares of the company were exchanged, compared to its average volume of 368,656. Redcentric has a 1-year low of GBX 90.16 and a 1-year high of GBX 160. The company has a quick ratio of 0.34, a current ratio of 1.66 and a debt-to-equity ratio of 66.99. The stock has a market capitalization of £92.53 million, a price-to-earnings ratio of 60.13 and a beta of 0.21. The company has a 50-day moving average price of GBX 100.34 and a 200 day moving average price of GBX 114.77.

Insider Activity

In related news, insider Oliver Rupert Andrew Scott sold 11,947,139 shares of the 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 £19,115,422.40. Also, insider Alan John Aubrey sold 39,343 shares of Redcentric stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of GBX 160, for a total transaction of £62,948.80. In the last 90 days, insiders have sold 21,331,936 shares of company stock valued at $3,413,109,760. 48.23% of the stock is currently 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.