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

Redcentric plc (LON:RCN)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 122.03 ($1.58) and traded as low as GBX 121 ($1.56). Redcentric shares last traded at GBX 125 ($1.61), with a volume of 35,507 shares.

Redcentric Stock Up 2.5 %

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 company has a fifty day simple moving average of GBX 121.15 and a 200 day simple moving average of GBX 122.03. The firm has a market capitalization of £194.66 million, a P/E ratio of -56.61 and a beta of 0.13.

Redcentric Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, April 25th. Shareholders of record on Thursday, March 13th will be issued a GBX 1.20 ($0.02) dividend. This represents a yield of 1.03%. The ex-dividend date is Thursday, March 13th. Redcentric’s dividend payout ratio (DPR) is -181.16%.

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.