Redcentric (LON:RCN) Reaches New 1-Year High at $101.00

Redcentric PLC (LON:RCN)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 101 ($1.32) and last traded at GBX 100 ($1.31), with a volume of 65774 shares changing hands. The stock had previously closed at GBX 94.30 ($1.23).

Separately, FinnCap reaffirmed a “corporate” rating on shares of Redcentric in a research report on Thursday, November 28th.

The stock’s fifty day moving average price is GBX 85.94 and its 200-day moving average price is GBX 81.49. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 32.75. The company has a market capitalization of $148.76 million and a price-to-earnings ratio of -76.92.

The firm also recently declared a dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 5th will be paid a GBX 0.83 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a yield of 0.89%. Redcentric’s payout ratio is currently -1.54%.

In other news, insider Peter Brotherton sold 76,905 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of GBX 85 ($1.11), for a total transaction of £65,369.25 ($85,416.50).

About Redcentric (LON:RCN)

Redcentric plc provides IT managed services in the United Kingdom. The company offers applications services, including mainframe software support services and application acceleration services. It also provides collaboration services comprising IP telephony, SIP trunks, unified communications, video conferencing, calls and lines, mobile, and inbound services; and infrastructure services consisting of data management, disaster recovery as a service, hosted desktop, hosting and collocation, hybrid cloud, infrastructure as a service, managed exchange, software as a service, virtualization, and server load balancing services.

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