Redcentric (LON:RCN – Get Free Report) released its quarterly earnings data on Monday. The company reported GBX 1.99 earnings per share (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 Performance
Redcentric stock opened at GBX 94.95 on Monday. The firm has a 50 day simple moving average of GBX 103.02 and a 200-day simple moving average of GBX 115.63. The stock has a market cap of £97.40 million, a price-to-earnings ratio of 63.30 and a beta of 0.21. The company has a debt-to-equity ratio of 85.17, a current ratio of 1.56 and a quick ratio of 0.34. Redcentric has a 1-year low of GBX 94.01 and a 1-year high of GBX 160.
Insider Activity
In related news, insider Alan John Aubrey sold 39,343 shares of the stock in a transaction that occurred 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 Oliver Rupert Andrew Scott sold 11,947,139 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of GBX 160, for a total value of £19,115,422.40. 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.
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.
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