Redcentric (LON:RCN) Sets New 12-Month High at $145.00

Shares of Redcentric plc (LON:RCN) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 145 ($1.79) and last traded at GBX 145 ($1.79), with a volume of 54886 shares traded. The stock had previously closed at GBX 144.50 ($1.78).

Redcentric Price Performance

The company’s 50-day moving average price is GBX 130.77 and its 200-day moving average price is GBX 124.75. The company has a debt-to-equity ratio of 131.40, a current ratio of 0.87 and a quick ratio of 0.34. The company has a market cap of £225.12 million, a P/E ratio of -7,112.50 and a beta of 0.16.

Redcentric Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, March 7th were given a dividend of GBX 1.20 ($0.01) per share. This represents a dividend yield of 1.14%. The ex-dividend date was Thursday, March 7th. Redcentric’s dividend payout ratio is -20,000.00%.

Insider Activity at Redcentric

In other Redcentric news, insider Oliver Rupert Andrew Scott bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was acquired at an average price of GBX 132 ($1.63) per share, with a total value of £2,640 ($3,260.87). 21.06% of the stock is owned by insiders.

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.