Redcentric (LON:RCN) Shares Cross Below 200-Day Moving Average – Time to Sell?

Redcentric plc (LON:RCN)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 133.98 ($1.69) and traded as low as GBX 116.30 ($1.47). Redcentric shares last traded at GBX 118.25 ($1.49), with a volume of 54,105 shares.

Redcentric Trading Down 1.5 %

The firm’s 50 day simple moving average is GBX 123.55 and its two-hundred day simple moving average is GBX 133.98. The stock has a market capitalization of £187.60 million, a P/E ratio of -5,912.50 and a beta of 0.13. The company has a quick ratio of 0.34, a current ratio of 0.77 and a debt-to-equity ratio of 138.57.

Insider Activity

In related news, insider David Senior sold 39,568 shares of Redcentric stock in a transaction on Friday, August 23rd. The shares were sold at an average price of GBX 132 ($1.66), for a total value of £52,229.76 ($65,822.00). 21.97% of the stock is currently owned by company insiders.

Redcentric Company Profile

Redcentric plc provides IT managed services for public and private sector in the United Kingdom. It offers connectivity, software-defined wide area network (WAN), local area network (LAN), managed WAN and LAN, secure remote access, network connectivity options, secure remote and internet access, HSCN and public cloud connectivity, cellular MPLS primary and failover, WAN insight, and managed wireless networking services; and colocation, infrastructure as a service, hybrid cloud, platform as a service, digital transformation consultancy, modern workplace, managed public cloud, backup as a service, disaster recovery as a service, virtual desktops, full stack managed service, OS level managed service, e-commerce and SAP hybris, application modernisation and services experts, database administration, AI and machine learning, and cloud migration and consultancy services.