Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
The latest update is out from Redcentric ( (GB:RCN) ).
Redcentric plc has announced the exercise of employee share options, resulting in the transfer of 1,802 ordinary shares from Treasury. This adjustment affects the company’s issued share capital, which now consists of 159,145,913 Ordinary Shares, with 139,056 remaining in Treasury. Shareholders should note the updated figure of 159,006,857 Ordinary Shares for voting purposes, as per the FCA’s Disclosure Guidance and Transparency Rules.
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, offering a range of technology solutions to businesses. The company focuses on delivering reliable and secure IT infrastructure services to support its clients’ operations.
Average Trading Volume: 43,483
Technical Sentiment Signal: Strong Buy
Current Market Cap: £198.8M
See more insights into RCN stock on TipRanks’ Stock Analysis page.