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

Redcentric logo with Computer and Technology background

Redcentric plc (LON:RCN - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 123.22 ($1.67) and traded as low as GBX 123 ($1.67). Redcentric shares last traded at GBX 123 ($1.67), with a volume of 53,180 shares traded.

Redcentric Price Performance

The firm has a 50-day moving average of GBX 125.66 and a 200-day moving average of GBX 123.22. The company has a debt-to-equity ratio of 138.57, a quick ratio of 0.34 and a current ratio of 0.77. The firm has a market capitalization of £192.32 million, a P/E ratio of -55.93 and a beta of 0.13.

Redcentric Cuts Dividend

The firm also recently disclosed 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 dividend yield of 1.03%. Redcentric's dividend payout ratio (DPR) 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.

Further Reading

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