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

Redcentric logo with Computer and Technology background

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.
  • Want stock alerts on Redcentric? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Redcentric plc (LON:RCN - Get Free Report)'s stock price crossed 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.

Redcentric Stock Down 1.0%

The stock has a market capitalization of £191.54 million, a P/E ratio of -55.71 and a beta of 0.13. The firm's fifty day moving average is GBX 124.80 and its 200-day moving average is GBX 123.25. The company has a current ratio of 0.77, a quick ratio of 0.34 and a debt-to-equity ratio of 138.57.

About Redcentric

(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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