Redcentric (LON:RCN) Shares Cross Below 200-Day Moving Average - Here's Why

Key Points

• Redcentric plc's stock price fell below its 200-day moving average, indicating potential bearish sentiment, as it traded as low as GBX 120.75 ($1.63).
• The company has a debt-to-equity ratio of 138.57, highlighting a relatively high level of debt compared to equity.
• Redcentric provides a range of IT managed services for both public and private sectors in the UK, including cloud and networking solutions.

Redcentric plc (LON:RCN - Get Free Report)'s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 123.23 ($1.67) and traded as low as GBX 120.75 ($1.63). Redcentric shares last traded at GBX 121 ($1.64), with a volume of 87,011 shares.

Redcentric Price Performance

The firm has a market cap of £188.32 million, a P/E ratio of -54.77 and a beta of 0.13. The stock's 50-day moving average is GBX 124.23 and its 200-day moving average is GBX 123.17. The company has a quick ratio of 0.34, a current ratio of 0.77 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.