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Redcentric ( (GB:RCN) ) just unveiled an announcement.
Redcentric PLC, a UK-based company, has announced a change in the breakdown of its voting rights. Harwood Capital LLP, along with its associated entities, has adjusted its voting rights in Redcentric, now holding 10.9996% of the total voting rights, down from 11.0656%. This adjustment reflects a slight decrease in their influence over the company, which could have implications for the company’s governance and decision-making processes.
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
Average Trading Volume: 51,250
Technical Sentiment Signal: Strong Buy
Current Market Cap: £201.5M
Learn more about RCN stock on TipRanks’ Stock Analysis page.