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

Shares of Redcentric plc (LON:RCN) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 120.38 and traded as low as GBX 117.50. Redcentric shares last traded at GBX 119.77, with a volume of 158,337 shares.

Redcentric Stock Performance

The stock has a market cap of £196.76 million, a P/E ratio of 82.33 and a beta of 0.22. The company has a debt-to-equity ratio of 85.17, a current ratio of 1.56 and a quick ratio of 0.34. The stock’s 50 day simple moving average is GBX 124.10 and its two-hundred day simple moving average is GBX 120.38.

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.