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

Redcentric plc (LON:RCN - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 123.38 ($1.66) and traded as low as GBX 123 ($1.65). Redcentric shares last traded at GBX 123.60 ($1.66), with a volume of 11,993 shares traded.

Redcentric Stock Down 0.1%

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 stock's fifty day simple moving average is GBX 125.36 and its 200-day simple moving average is GBX 123.38. The stock has a market cap of £192.48 million, a P/E ratio of -55.98 and a beta of 0.13.

Redcentric Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, April 25th. Shareholders of record on Thursday, March 13th were issued a GBX 1.20 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a yield of 1.03%. Redcentric's dividend payout ratio is currently -181.16%.

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.