Redcentric (LON:RCN) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Redcentric plc (LON:RCN)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 127.52 and traded as low as GBX 119. Redcentric shares last traded at GBX 119, with a volume of 20,630 shares.

Redcentric Price Performance

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 stock’s 50-day simple moving average is GBX 132.52 and its two-hundred day simple moving average is GBX 127.52. The company has a market capitalization of £195.90 million, a price-to-earnings ratio of 57.75 and a beta of 0.13.

About Redcentric

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.