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

Shares of 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 135.15 ($1.76) and traded as low as GBX 117 ($1.52). Redcentric shares last traded at GBX 117 ($1.52), with a volume of 2,798 shares trading hands.

Redcentric Stock Performance

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 has a market cap of £185.24 million, a PE ratio of -5,850.00 and a beta of 0.13. The business has a 50 day moving average price of GBX 125.30 and a two-hundred day moving average price of GBX 135.02.

Redcentric Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, December 12th will be paid a dividend of GBX 2.40 ($0.03) per share. This represents a dividend yield of 1.83%. This is an increase from Redcentric’s previous dividend of $1.20. The ex-dividend date is Thursday, December 12th. Redcentric’s dividend payout ratio is -20,000.00%.

Insiders Place Their Bets

In other Redcentric news, insider David Senior sold 39,568 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of GBX 132 ($1.72), for a total transaction of £52,229.76 ($67,989.79). Company insiders own 21.97% of the company’s stock.

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.