Redcentric (LON:RCN) Stock Passes Below 200-Day Moving Average – Here’s Why

Redcentric plc (LON:RCN) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 127.51 and traded as low as GBX 120. Redcentric shares last traded at GBX 121, with a volume of 62,172 shares changing hands.

Redcentric Trading Down 1.6%

The company has a debt-to-equity ratio of 138.57, a current ratio of 0.77 and a quick ratio of 0.34. The stock’s 50-day moving average is GBX 130.72 and its two-hundred day moving average is GBX 127.51. The company has a market cap of £189.69 million, a P/E ratio of 55.92 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.