Insider Buying: Redcentric plc (LON:RCN) Insider Acquires 40,000 Shares of Stock

Redcentric plc (LON:RCNGet Rating) insider Nick Bate bought 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was acquired at an average price of GBX 124 ($1.55) per share, with a total value of £49,600 ($62,155.39).

RCN stock opened at GBX 122.50 ($1.54) on Thursday. The stock has a 50-day moving average price of GBX 119.28 and a two-hundred day moving average price of GBX 120.15. Redcentric plc has a 12-month low of GBX 108 ($1.35) and a 12-month high of GBX 149 ($1.87). The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 25.17. The company has a market cap of £189.68 million and a PE ratio of 19.76.

Redcentric Company Profile (Get Rating)

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.

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