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

Key Points

• Redcentric plc shares crossed below their 200-day moving average of GBX 122.95 ($1.65) on Wednesday, indicating potential concerns about the stock's performance.
• The company has a debt-to-equity ratio of 138.57 and a market capitalization of £186.87 million, which may influence investor confidence.
• Redcentric provides a wide range of IT managed services, including secure remote access and cloud migration, primarily serving the public and private sectors in the UK.

Redcentric plc (LON:RCN - Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 122.95 ($1.66) and traded as low as GBX 120 ($1.62). Redcentric shares last traded at GBX 120 ($1.62), with a volume of 41,035 shares trading hands.

Redcentric Price Performance

The business's 50 day moving average price is GBX 124.30 and its two-hundred day moving average price is GBX 123.39. The stock has a market cap of £212.61 million, a P/E ratio of -61.84 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 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.