Insider Buying: Redcentric (LON:RCN) Insider Acquires £29,918.24 in Stock

Key Points

• Redcentric insider Richard McGuire bought 33,616 shares at an average of GBX 89, investing £29,918.24. He also acquired an additional 22,624 shares at GBX 88, worth £19,909.12.
• Redcentric shares opened at GBX 90.62, with a market capitalization of approximately £92.14 million. The stock has traded between GBX 83.51 and GBX 160 over the past year.
• The company reported quarterly EPS of GBX 1.99, with a 9.18% net margin and 20.35% return on equity; analysts expect full-year EPS of GBX 8.80.

Redcentric plc (LON:RCN - Get Free Report) insider Richard McGuire purchased 33,616 shares of the company's stock in a transaction dated Friday, October 30th. The shares were purchased at an average cost of GBX 89 per share, for a total transaction of £29,918.24.

Richard McGuire also recently made the following trade(s):

• On Friday, October 30th, Richard McGuire acquired 22,624 shares of Redcentric stock. The shares were acquired at an average cost of GBX 88 per share, with a total value of £19,909.12.

Redcentric Stock Performance

LON:RCN opened at GBX 90.62 on Monday. The firm's fifty day moving average price is GBX 94.35 and its 200 day moving average price is GBX 112.69. The firm has a market cap of £92.14 million, a price-to-earnings ratio of 12.28 and a beta of 0.21. The company has a debt-to-equity ratio of 66.99, a current ratio of 1.66 and a quick ratio of 0.34. Redcentric plc has a 1-year low of GBX 83.51 and a 1-year high of GBX 160.

Redcentric (LON:RCN - Get Free Report) last posted its quarterly earnings data on Monday, September 28th. The company reported GBX 1.99 EPS for the quarter. Redcentric had a net margin of 9.18% and a return on equity of 20.35%. On average, sell-side analysts expect 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.

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