Redcentric (LON:RCN) Hits New 52-Week High - Here's What Happened

Key Points

• Redcentric plc's stock reached a new 52-week high, trading at GBX 145 ($1.95) before closing at GBX 141 ($1.90) during Tuesday's trading session.
• The company has a debt-to-equity ratio of 138.57 and a market cap of £224.25 million, indicating a significantly leveraged financial position.
• Redcentric provides a variety of IT managed services for both public and private sectors in the UK, including network connectivity and cloud services.

Redcentric plc (LON:RCN - )'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 145 ($1.95) and last traded at GBX 141 ($1.90), with a volume of 206814 shares changing hands. The stock had previously closed at GBX 136 ($1.83).

Redcentric Stock Up 3.7%

The company has a debt-to-equity ratio of 138.57, a current ratio of 0.77 and a quick ratio of 0.34. The company has a 50-day simple moving average of GBX 130.41 and a 200-day simple moving average of GBX 126.46. The firm has a market cap of £224.25 million, a PE ratio of 6,619.72 and a beta of 0.13.

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.

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