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An update from Redcentric ( (GB:RCN) ) is now available.
Redcentric plc has appointed Tony Ratcliffe as its new Chief Financial Officer and Executive Director. With over 25 years of experience in senior financial management in fast-growing technology and service companies, Tony is expected to bring valuable expertise to Redcentric, aiding in business growth and shareholder value enhancement.
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 technology solutions to its clients.
Average Trading Volume: 54,275
Technical Sentiment Signal: Hold
Current Market Cap: £192M
See more data about RCN stock on TipRanks’ Stock Analysis page.