Redcentric plc (LON:RCN) Insider Sells £50,169.16 in Stock

Redcentric plc (LON:RCN) insider David Senior sold 40,459 shares of the firm’s stock in a transaction on Tuesday, November 23rd. The stock was sold at an average price of GBX 124 ($1.62), for a total transaction of £50,169.16 ($65,546.33).

RCN opened at GBX 127 ($1.66) on Friday. Redcentric plc has a fifty-two week low of GBX 110 ($1.44) and a fifty-two week high of GBX 150 ($1.96). The company has a debt-to-equity ratio of 25.17, a current ratio of 0.82 and a quick ratio of 0.55. The firm’s fifty day moving average price is GBX 131.84 and its two-hundred day moving average price is GBX 135.58. The company has a market capitalization of £198.72 million and a P/E ratio of 20.48.

The firm also recently declared a dividend, which will be paid on Thursday, January 6th. Shareholders of record on Thursday, November 25th will be paid a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date is Thursday, November 25th. This represents a yield of 0.93%. Redcentric’s dividend payout ratio is currently 0.19%.

Separately, Canaccord Genuity restated a “buy” rating and issued a GBX 175 ($2.29) price objective on shares of Redcentric in a research note on Thursday, November 18th.

About Redcentric

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, and disaster recovery services.

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