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

Redcentric plc (LON:RCN) insider Alan John Aubrey acquired 69,164 shares of Redcentric stock in a transaction dated Thursday, October 29th. The shares were acquired at an average cost of GBX 87 per share, with a total value of £60,172.68.

Redcentric Stock Performance

Shares of Redcentric stock opened at GBX 88.82 on Monday. The company has a current ratio of 1.66, a quick ratio of 0.34 and a debt-to-equity ratio of 66.99. The stock’s fifty day simple moving average is GBX 94.35 and its 200 day simple moving average is GBX 112.69. Redcentric plc has a 12 month low of GBX 83.51 and a 12 month high of GBX 160. The company has a market capitalization of £90.30 million, a PE ratio of 12.04 and a beta of 0.21.

Redcentric (LON:RCN) last posted its quarterly earnings results on Monday, September 28th. The company reported GBX 1.99 EPS for the quarter. Redcentric had a return on equity of 20.35% and a net margin of 9.18%. On average, research analysts predict that Redcentric plc will post 8.80 EPS 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.