Key Points
- Insider Richard McGuire bought a total of 75,000 shares of Redcentric across three trades on Dec 23, 24 and 31 at about GBX 118–119, spending roughly £88,960.
- Despite the purchases, Redcentric trades around GBX 118 with a market cap of £187.94m but has weak fundamentals — a negative net margin (-2.11%), negative ROE (-6.10%) and a high debt-to-equity ratio (138.57).
Redcentric plc (LON:RCN - Get Free Report) insider Richard McGuire purchased 24,992 shares of the business's stock in a transaction dated Wednesday, December 31st. The shares were bought at an average price of GBX 119 per share, with a total value of £29,740.48.
Richard McGuire also recently made the following trade(s):
- On Wednesday, December 24th, Richard McGuire acquired 29,000 shares of Redcentric stock. The stock was purchased at an average cost of GBX 118 per share, for a total transaction of £34,220.
- On Tuesday, December 23rd, Richard McGuire acquired 21,008 shares of Redcentric stock. The shares were purchased at an average price of GBX 119 per share, with a total value of £24,999.52.
Redcentric Stock Down 1.5%
RCN stock opened at GBX 118 on Friday. The stock has a market capitalization of £187.94 million, a PE ratio of 55.40 and a beta of 0.13. The company has a fifty day moving average of GBX 120.94 and a 200-day moving average of GBX 126.21. The company has a debt-to-equity ratio of 138.57, a quick ratio of 0.34 and a current ratio of 0.77. Redcentric plc has a one year low of GBX 109.45 and a one year high of GBX 149.
Redcentric (LON:RCN - Get Free Report) last posted its quarterly 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%. As a group, analysts expect that Redcentric plc will post 8.8015647 EPS for the current year.
About Redcentric
(
Get Free Report)
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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