Redcentric (LON:RCN) Sets New 52-Week High - Still a Buy?

Key Points

• Redcentric plc experienced a new 52-week high, trading at GBX 149 ($1.99), although it last traded at GBX 127 ($1.70).
• The company's market capitalization is approximately £201.99 million, with a price-to-earnings ratio of 59.62.
• Redcentric provides a range of IT managed services, focusing on connectivity, cloud solutions, and digital transformation consultancy for both public and private sectors in the United Kingdom.

Redcentric plc (LON:RCN - ) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 149 ($1.99) and last traded at GBX 127 ($1.70), with a volume of 674560 shares trading hands. The stock had previously closed at GBX 136 ($1.82).

Redcentric Stock Performance

The stock's 50-day moving average price is GBX 133.42 and its 200-day moving average price is GBX 127.42. The company has a debt-to-equity ratio of 138.57, a quick ratio of 0.34 and a current ratio of 0.77. The company has a market capitalization of £201.99 million, a price-to-earnings ratio of 59.62 and a beta of 0.13.

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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