Redcentric - RCN Share Forecast, Price & News

Redcentric plc provides IT managed services in the United Kingdom. It offers network services, including connectivity, software-defined wide area network, local area network, managed wide area network, secure remote access, and cloud managed wireless network services; and cloud services consisting of infrastructure as a service, hybrid cloud, colocation hosting, cloud migration, platform as a service, online data backup and recovery, managed hosted desktops, and disaster recovery services. The company also provides communication services comprising IP telephony, SIP trunks, unified communications, collaboration, call management and reporting, and call recording services; and IT security services, including network security, application security, identity and access management, network security monitoring and analytics, and distributed denial of service mitigation services. In addition, it offers professional services, such as IT consulting, procurement and logistics, implementation, and support and maintenance services for public and private sector. The company was founded in 1997 and is headquartered in Harrogate, the United Kingdom.

Redcentric Trading Down 0.9 %

LON:RCN traded down GBX 1 ($0.01) during trading hours on Wednesday, reaching GBX 116 ($1.40). 1,295 shares of the company were exchanged, compared to its average volume of 89,521. Redcentric has a 52-week low of GBX 1.22 ($0.01) and a 52-week high of GBX 141 ($1.70). The stock has a 50 day simple moving average of GBX 120.54 and a 200 day simple moving average of GBX 119. The firm has a market cap of £179.73 million and a price-to-earnings ratio of 2,900.00. The company has a debt-to-equity ratio of 25.68, a current ratio of 0.85 and a quick ratio of 0.59.

Redcentric Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, September 16th. Shareholders of record on Thursday, July 28th will be given a dividend of GBX 2.40 ($0.03) per share. This represents a yield of 1.96%. The ex-dividend date of this dividend is Thursday, July 28th. This is an increase from Redcentric's previous dividend of $1.20. Redcentric's payout ratio is 10,000.00%.

Insiders Place Their Bets

In other news, insider Nick Bate acquired 40,000 shares of Redcentric stock in a transaction dated Tuesday, June 7th. The shares were acquired at an average cost of GBX 124 ($1.50) per share, with a total value of £49,600 ($59,932.33). In related news, insider Peter Brotherton sold 41,674 shares of the stock in a transaction dated Friday, June 17th. The stock was sold at an average price of GBX 112 ($1.35), for a total value of £46,674.88 ($56,397.87). Also, insider Nick Bate purchased 40,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 7th. The stock was purchased at an average price of GBX 124 ($1.50) per share, with a total value of £49,600 ($59,932.33).