Redcentric (LON:RCN) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Redcentric plc (LON:RCN) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 126.54 and traded as low as GBX 118. Redcentric shares last traded at GBX 118, with a volume of 62,934 shares trading hands.

Redcentric Stock Performance

The company has a current ratio of 0.77, a quick ratio of 0.34 and a debt-to-equity ratio of 138.57. The company has a market cap of £187.94 million, a price-to-earnings ratio of 55.40 and a beta of 0.13. The stock has a 50 day moving average price of GBX 122.54 and a two-hundred day moving average price of GBX 126.54.

Redcentric (LON:RCN) last issued its quarterly earnings data on Wednesday, December 10th. The company reported GBX 1.86 earnings per share (EPS) for the quarter. Redcentric had a negative net margin of 2.11% and a negative return on equity of 6.10%. Analysts predict that Redcentric plc will post 8.8015647 EPS for the current year.

Redcentric Company Profile

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.