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

Redcentric plc (LON:RCN)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 136.37 ($1.77) and traded as low as GBX 113.20 ($1.47). Redcentric shares last traded at GBX 119 ($1.55), with a volume of 85,185 shares.

Redcentric Price Performance

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 stock has a market cap of £184.43 million, a PE ratio of -5,775.00 and a beta of 0.13. The stock’s 50-day moving average is GBX 129.62 and its two-hundred day moving average is GBX 136.26.

Redcentric Increases Dividend

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

Insider Buying and Selling

In other Redcentric news, insider David Senior sold 39,568 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of GBX 132 ($1.71), for a total value of £52,229.76 ($67,813.24). 21.97% of the stock is currently owned by corporate insiders.

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.