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

Key Points

• Redcentric plc shares have fallen below their two hundred day moving average of GBX 123.34, trading as low as GBX 121.50.
• The company's current market capitalization is £189.99 million, with a PE ratio of -55.25 and high debt-to-equity ratio of 138.57.
• Redcentric provides a range of IT managed services for both public and private sectors in the UK, including cloud solutions and network connectivity services.

Redcentric plc (LON:RCN - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 123.34 ($1.65) and traded as low as GBX 121.50 ($1.62). Redcentric shares last traded at GBX 122 ($1.63), with a volume of 219,336 shares changing hands.

Redcentric Stock Down 1.5%

The business has a fifty day simple moving average of GBX 125.17 and a 200 day simple moving average of GBX 123.22. 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 firm has a market cap of £190.24 million, a price-to-earnings ratio of -55.33 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.