Redcentric (LON:RCN) Releases Quarterly Earnings Results

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

Redcentric Trading Down 1.1%

Shares of Redcentric stock opened at GBX 94.95 on Monday. Redcentric has a 12-month low of GBX 94.01 and a 12-month high of GBX 160. The stock has a market capitalization of £97.40 million, a P/E ratio of 63.30 and a beta of 0.21. The company has a 50-day simple moving average of GBX 103.02 and a 200 day simple moving average of GBX 115.63. The company has a quick ratio of 0.34, a current ratio of 1.56 and a debt-to-equity ratio of 85.17.

Insider Transactions at Redcentric

In other news, insider Oliver Rupert Andrew Scott sold 11,947,139 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of GBX 160, for a total value of £19,115,422.40. Also, insider John Radziwill sold 9,345,454 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of GBX 160, for a total transaction of £14,952,726.40. Insiders have sold 21,331,936 shares of company stock valued at $3,413,109,760 in the last three months. 48.23% of the stock is owned by corporate 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.