Redcentric (LON:RCN) Posts Quarterly Earnings Results

Redcentric (LON:RCN) issued 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 2.14% and a return on equity of 4.57%.

Redcentric Stock Up 2.6%

Shares of Redcentric stock opened at GBX 93.70 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 1.56 and a debt-to-equity ratio of 85.17. Redcentric has a 12 month low of GBX 91.01 and a 12 month high of GBX 160. The business has a fifty day simple moving average of GBX 101.71 and a 200 day simple moving average of GBX 115.29. The stock has a market cap of £96.12 million, a PE ratio of 62.47 and a beta of 0.21.

Insider Activity at Redcentric

In other Redcentric news, insider Alan John Aubrey sold 39,343 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of GBX 160, for a total value of £62,948.80. Also, insider Oliver Rupert Andrew Scott sold 11,947,139 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of GBX 160, for a total value of £19,115,422.40. Over the last quarter, insiders sold 21,331,936 shares of company stock worth $3,413,109,760. 48.23% of the stock is owned by 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.