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

Redcentric plc (LON:RCN) insider Alan John Aubrey acquired 69,164 shares of the 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 Up 1.7%

RCN stock opened at GBX 88.99 on Friday. The company has a current ratio of 1.66, a quick ratio of 0.34 and a debt-to-equity ratio of 66.99. Redcentric plc has a twelve month low of GBX 83.51 and a twelve month high of GBX 160. The company’s 50 day moving average is GBX 94.74 and its two-hundred day moving average is GBX 112.84. The stock has a market cap of £90.48 million, a P/E ratio of 12.06 and a beta of 0.21.

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

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.