Insider Buying: Redcentric (LON:RCN) Insider Purchases 21,008 Shares of Stock

Redcentric plc (LON:RCN) insider Richard McGuire purchased 21,008 shares of Redcentric stock in a transaction dated Tuesday, December 23rd. The shares were bought at an average price of GBX 119 per share, with a total value of £24,999.52.

Redcentric Stock Performance

Shares of Redcentric stock opened at GBX 118 on Monday. Redcentric plc has a 1 year low of GBX 109.45 and a 1 year high of GBX 149. The firm’s 50-day moving average is GBX 122.20 and its 200 day moving average is GBX 126.49. The stock has a market cap of £187.94 million, a price-to-earnings ratio of 55.40 and a beta of 0.13. The company has a debt-to-equity ratio of 138.57, a current ratio of 0.77 and a quick ratio of 0.34.

Redcentric (LON:RCN) last issued its earnings results on Wednesday, December 10th. The company reported GBX 1.86 earnings per share (EPS) for the quarter. Redcentric had a negative net margin of 2.11% and a negative return on equity of 6.10%. Sell-side analysts anticipate that Redcentric plc will post 8.8015647 EPS for the current fiscal year.

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.