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

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

Redcentric Stock Performance

The business has a fifty day simple moving average of GBX 130.77 and a two-hundred day simple moving average of GBX 124.75. The company has a quick ratio of 0.34, a current ratio of 0.87 and a debt-to-equity ratio of 131.40. 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 company also recently announced a dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, March 7th were issued a GBX 1.20 ($0.01) dividend. This represents a yield of 1.14%. The ex-dividend date of this dividend was Thursday, March 7th. Redcentric’s dividend payout ratio is -20,000.00%.

Insider Buying and Selling at Redcentric

In other news, insider Oliver Rupert Andrew Scott bought 2,000 shares of the stock in a transaction on Friday, March 1st. The shares were bought 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 corporate insiders.

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.