Redcentric (LON:RCN) Reaches New 1-Year Low – Should You Sell?

Shares of Redcentric plc (LON:RCN) hit a new 52-week low on Monday. The company traded as low as GBX 93.46 and last traded at GBX 93.46, with a volume of 227100 shares changing hands. The stock had previously closed at GBX 96.

Redcentric Trading Down 2.6%

The firm’s 50 day simple moving average is GBX 103.02 and its 200-day simple moving average is GBX 115.63. The company has a quick ratio of 0.34, a current ratio of 1.56 and a debt-to-equity ratio of 85.17. The company has a market capitalization of £95.88 million, a PE ratio of 62.31 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 for the quarter. Redcentric had a return on equity of 4.57% and a net margin of 2.14%. As a group, equities research analysts anticipate that Redcentric plc will post 8.8015647 EPS for the current year.

Insider Buying and Selling at Redcentric

In other Redcentric news, insider John Radziwill sold 9,345,454 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of GBX 160, for a total value of £14,952,726.40. Also, insider Alan John Aubrey sold 39,343 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of GBX 160, for a total value of £62,948.80. Insiders sold a total of 21,331,936 shares of company stock valued at $3,413,109,760 in the last ninety days. Insiders own 48.23% of the company’s stock.

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.