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Redcentric (LON:RCN) Stock Price Passes Above 50 Day Moving Average - Should You Sell?

Redcentric logo with Computer and Technology background

Redcentric plc (LON:RCN - Get Free Report) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 125.04 ($1.69) and traded as high as GBX 128 ($1.73). Redcentric shares last traded at GBX 128 ($1.73), with a volume of 3,601 shares traded.

Redcentric Price Performance

The firm has a 50-day simple moving average of GBX 125.04 and a two-hundred day simple moving average of GBX 122.79. The company has a market capitalization of £193.88 million, a price-to-earnings ratio of -56.39 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 Cuts Dividend

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