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

Redcentric Price Performance

Redcentric stock opened at GBX 94.37 on Monday. Redcentric has a 52-week low of GBX 94.01 and a 52-week high of GBX 160. The company has a market cap of £96.81 million, a price-to-earnings ratio of 62.91 and a beta of 0.21. The firm’s fifty day moving average is GBX 103.02 and its 200 day moving average is 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 Redcentric news, insider John Radziwill sold 9,345,454 shares of the business’s 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 £14,952,726.40. Also, insider Alan John Aubrey sold 39,343 shares of the business’s 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. Insiders have sold a total of 21,331,936 shares of company stock worth $3,413,109,760 in the last three months. Insiders own 48.23% of the company’s stock.

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.