Redcentric (LON:RCN) Stock Price Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• Redcentric shares have fallen below their 200-day moving average, which is a critical indicator that could signal potential selling pressure for investors.
• The stock is currently trading at GBX 122 ($1.62), with a market capitalization of £191.81 million and a PE ratio of -55.79.
• The company's financial health is showing some concerns, indicated by a current ratio of 0.77 and a high debt-to-equity ratio of 138.57.

Redcentric plc (LON:RCN - Get Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 123.25 ($1.66) and traded as low as GBX 122 ($1.64). Redcentric shares last traded at GBX 122 ($1.64), with a volume of 67,871 shares changing hands.

Redcentric Trading Up 0.8%

The company has a debt-to-equity ratio of 138.57, a current ratio of 0.77 and a quick ratio of 0.34. The business has a 50-day moving average of GBX 124.68 and a 200-day moving average of GBX 123.27. The firm has a market cap of £193.10 million, a price-to-earnings ratio of -56.16 and a beta of 0.13.

About Redcentric

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.