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Redcentric ( (GB:RCN) ) has shared an update.
Redcentric plc announced the exercise of employee share options, resulting in the transfer of 14,418 ordinary shares from Treasury to satisfy the exercise. This adjustment leaves the company with an issued share capital of 159,145,913 ordinary shares, with 124,638 remaining in Treasury, impacting the calculation of voting share capital for shareholders.
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: 49,950
Technical Sentiment Signal: Strong Buy
Current Market Cap: £197.2M
For an in-depth examination of RCN stock, go to TipRanks’ Overview page.