Redcentric (LON:RCN) Insider Richard McGuire Purchases 29,000 Shares

Redcentric plc (LON:RCN) insider Richard McGuire bought 29,000 shares of the stock in a transaction dated Wednesday, December 24th. The stock was purchased at an average cost of GBX 118 per share, with a total value of £34,220.

Richard McGuire also recently made the following trade(s):

• On Tuesday, December 23rd, Richard McGuire purchased 21,008 shares of Redcentric stock. The shares were purchased at an average cost of GBX 119 per share, for a total transaction of £24,999.52.

Redcentric Price Performance

Redcentric stock opened at GBX 118.05 on Monday. The business’s 50-day simple moving average is GBX 122.20 and its 200 day simple moving average is GBX 126.49. The stock has a market cap of £188.02 million, a price-to-earnings ratio of 55.42 and a beta of 0.13. Redcentric plc has a 12-month low of GBX 109.45 and a 12-month high of GBX 149. The company has a quick ratio of 0.34, a current ratio of 0.77 and a debt-to-equity ratio of 138.57.

Redcentric (LON:RCN) last announced its quarterly earnings data on Wednesday, December 10th. The company reported GBX 1.86 earnings per share for the quarter. Redcentric had a negative return on equity of 6.10% and a negative net margin of 2.11%. As a group, research analysts anticipate that Redcentric plc will post 8.8015647 earnings per share for the current year.

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.