Redcentric (LON:RCN) Reaches New 12-Month High at $101.00

Redcentric PLC (LON:RCN) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 101 ($1.32) and last traded at GBX 100 ($1.31), with a volume of 65774 shares traded. The stock had previously closed at GBX 94.30 ($1.23).

Separately, FinnCap reissued a “corporate” rating on shares of Redcentric in a research note on Thursday, November 28th.

The business’s 50-day moving average is GBX 86.49 and its two-hundred day moving average is GBX 81.72. The company has a current ratio of 1.16, a quick ratio of 0.91 and a debt-to-equity ratio of 32.75. The stock has a market capitalization of $144.75 million and a PE ratio of -74.85.

The business also recently disclosed a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 5th will be given a GBX 0.83 ($0.01) dividend. This represents a yield of 0.89%. The ex-dividend date is Thursday, December 5th. Redcentric’s dividend payout ratio (DPR) is presently -1.54%.

In related news, insider Peter Brotherton sold 76,905 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of GBX 85 ($1.11), for a total transaction of £65,369.25 ($85,416.50).

About Redcentric (LON:RCN)

Redcentric plc provides IT managed services in the United Kingdom. The company offers applications services, including mainframe software support services and application acceleration services. It also provides collaboration services comprising IP telephony, SIP trunks, unified communications, video conferencing, calls and lines, mobile, and inbound services; and infrastructure services consisting of data management, disaster recovery as a service, hosted desktop, hosting and collocation, hybrid cloud, infrastructure as a service, managed exchange, software as a service, virtualization, and server load balancing services.

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