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 Stock Down 0.6 %

LON:RCN opened at GBX 117.75 ($1.42) on Friday. Redcentric has a one year low of GBX 108 ($1.30) and a one year high of GBX 141 ($1.70). The company has a debt-to-equity ratio of 25.68, a current ratio of 0.85 and a quick ratio of 0.80. The company has a market cap of £182.32 million and a PE ratio of 2,943.75. The firm's 50 day simple moving average is GBX 120.93 and its 200 day simple moving average is GBX 119.09.

Redcentric Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, September 16th. Investors of record on Thursday, July 28th will be paid a GBX 2.40 ($0.03) dividend. This is a boost from Redcentric's previous dividend of $1.20. The ex-dividend date of this dividend is Thursday, July 28th. This represents a dividend yield of 1.96%. Redcentric's payout ratio is currently 90.00%.

Insider Activity at Redcentric

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