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Redcentric (LON:RCN) Stock Crosses Below Two Hundred Day Moving Average - Here's What Happened

Redcentric logo with Computer and Technology background

Shares of Redcentric plc (LON:RCN - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 123.22 ($1.66) and traded as low as GBX 123 ($1.66). Redcentric shares last traded at GBX 123 ($1.66), with a volume of 53,180 shares changing hands.

Redcentric Trading Down 1.2%

The company has a market cap of £191.54 million, a price-to-earnings ratio of -55.71 and a beta of 0.13. The company has a quick ratio of 0.34, a current ratio of 0.77 and a debt-to-equity ratio of 138.57. The company's 50-day moving average is GBX 125.59 and its 200 day moving average is GBX 123.33.

Redcentric Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, April 25th. Investors of record on Thursday, March 13th were given a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date was Thursday, March 13th. This represents a yield of 1.03%. Redcentric's dividend payout ratio is presently -181.16%.

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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