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Redcentric ( (GB:RCN) ) has issued an announcement.
Redcentric plc has announced the exercise of employee share options, resulting in the transfer of 17,174 ordinary shares from Treasury to satisfy the exercise. This adjustment affects the company’s issued share capital, now consisting of 159,145,913 ordinary shares, with implications for shareholders regarding voting share capital calculations.
Spark’s Take on GB:RCN Stock
According to Spark, TipRanks’ AI Analyst, GB:RCN is a Neutral.
Redcentric’s overall stock score reflects its strong revenue growth and positive cash flow generation, tempered by profitability challenges and high leverage. Technical indicators suggest a cautious market sentiment with limited momentum. The company’s valuation appears stretched due to a high P/E ratio, despite a reasonable dividend yield. The increased stake by Lombard Odier is a positive corporate event, indicating confidence in Redcentric’s future.
To see Spark’s full report on GB:RCN stock, click here.
More about Redcentric
Redcentric plc is a leading UK IT managed services provider, focusing on delivering comprehensive IT solutions to businesses.
Average Trading Volume: 51,361
Technical Sentiment Signal: Strong Buy
Current Market Cap: £202.5M
Find detailed analytics on RCN stock on TipRanks’ Stock Analysis page.