Redcentric (LON:RCN) Reaches New 1-Year High at $148.00

Shares of Redcentric plc (LON:RCN - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 148 ($1.86) and last traded at GBX 148 ($1.86), with a volume of 23903 shares. The stock had previously closed at GBX 145.25 ($1.82).

Redcentric Stock Up 0.5 %

The firm has a fifty day moving average price of GBX 131.43 and a 200-day moving average price of GBX 125.62. 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 firm has a market cap of £231.06 million, a price-to-earnings ratio of -7,300.00 and a beta of 0.16.

Redcentric Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, March 7th were issued a dividend of GBX 1.20 ($0.02) per share. This represents a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, March 7th. Redcentric's dividend payout ratio (DPR) is -20,000.00%.

Insider Transactions at Redcentric

In other Redcentric news, insider Oliver Rupert Andrew Scott acquired 5,000 shares of the firm's stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average price of GBX 132 ($1.66) per share, for a total transaction of £6,600 ($8,290.42). Insiders own 21.06% of the company's stock.

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.