Redcentric (LON:RCN) Sets New 12-Month Low – Here’s What Happened

Shares of Redcentric plc (LON:RCN) hit a new 52-week low on Tuesday . The stock traded as low as GBX 95 and last traded at GBX 97.50, with a volume of 160923 shares. The stock had previously closed at GBX 97.

Redcentric Price Performance

The company has a market capitalization of £97.27 million, a PE ratio of 63.21 and a beta of 0.21. The company has a debt-to-equity ratio of 85.17, a quick ratio of 0.34 and a current ratio of 1.56. The stock has a 50 day moving average price of GBX 104.26 and a two-hundred day moving average price of GBX 115.94.

Insider Buying and Selling

In related news, insider Alan John Aubrey sold 39,343 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of GBX 160, for a total transaction of £62,948.80. Also, insider Oliver Rupert Andrew Scott sold 11,947,139 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of GBX 160, for a total transaction of £19,115,422.40. Over the last quarter, insiders have sold 21,331,936 shares of company stock worth $3,413,109,760. Insiders own 48.23% of the company’s stock.

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.