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

Redcentric plc (LON:RCN) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 125.92 and traded as low as GBX 118.30. Redcentric shares last traded at GBX 119, with a volume of 51,081 shares changing hands.

Redcentric Trading Down 2.3%

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 company has a market capitalization of £189.56 million, a P/E ratio of 79.33 and a beta of 0.13. The firm has a fifty day moving average price of GBX 120.41 and a 200-day moving average price of GBX 125.92.

Redcentric (LON:RCN) last posted 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%. On average, equities research analysts anticipate that Redcentric plc will post 8.8015647 earnings per share for the current year.

Insider Transactions at Redcentric

In related news, insider Richard McGuire acquired 24,992 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average price of GBX 119 per share, with a total value of £29,740.48. Over the last 90 days, insiders bought 75,000 shares of company stock worth $8,896,000. Corporate insiders own 34.67% of the company’s stock.

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.