Insider Buying: Redcentric (LON:RCN) Insider Acquires £60,172.68 in Stock

Redcentric plc (LON:RCN) insider Alan John Aubrey purchased 69,164 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The shares were acquired at an average price of GBX 87 per share, with a total value of £60,172.68.

Redcentric Trading Up 1.7%

Shares of Redcentric stock opened at GBX 88.99 on Friday. The company has a debt-to-equity ratio of 66.99, a quick ratio of 0.34 and a current ratio of 1.66. The company has a market capitalization of £90.48 million, a P/E ratio of 12.06 and a beta of 0.21. Redcentric plc has a 1 year low of GBX 83.51 and a 1 year high of GBX 160. The company’s fifty day moving average is GBX 94.74 and its two-hundred day moving average is GBX 112.84.

Redcentric (LON:RCN) last announced its earnings results on Monday, September 28th. The company reported GBX 1.99 EPS for the quarter. Redcentric had a net margin of 9.18% and a return on equity of 20.35%. Analysts forecast that Redcentric plc will post 8.80 earnings per share for the current 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.