Redcentric (LON:RCN) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Redcentric plc (LON:RCNGet Free Report)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 123.84 ($1.57) and traded as low as GBX 118 ($1.50). Redcentric shares last traded at GBX 119 ($1.51), with a volume of 49,613 shares.

Redcentric Stock Down 2.9 %

The firm’s 50 day moving average is GBX 121.50 and its two-hundred day moving average is GBX 123.84. The firm has a market cap of £179.86 million, a P/E ratio of -52.31 and a beta of 0.13. The company has a current ratio of 0.77, a quick ratio of 0.34 and a debt-to-equity ratio of 138.57.

Redcentric Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, April 25th. Shareholders of record on Thursday, March 13th will be paid a GBX 1.20 ($0.02) dividend. This represents a yield of 1.03%. The ex-dividend date of this dividend is Thursday, March 13th. Redcentric’s payout ratio is currently -181.16%.

Redcentric Company Profile

(Get Free Report)

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.

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