Redcentric (LON:RCN) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Redcentric plc (LON:RCN) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 127.23 and traded as low as GBX 120. Redcentric shares last traded at GBX 120.02, with a volume of 55,747 shares.

Redcentric Trading Down 1.5%

The firm has a market cap of £191.15 million, a P/E ratio of 56.35 and a beta of 0.13. The company has a debt-to-equity ratio of 138.57, a quick ratio of 0.34 and a current ratio of 0.77. The firm has a fifty day moving average of GBX 127.71 and a 200-day moving average of GBX 127.23.

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.