Redcentric (LON:RCN) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Redcentric plc (LON:RCNGet Free Report)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 125.71 and traded as low as GBX 115. Redcentric shares last traded at GBX 118, with a volume of 141,410 shares trading hands.

Redcentric Stock Down 0.8%

The firm’s 50-day simple moving average is GBX 120.13 and its 200 day simple moving average is GBX 125.71. 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 capitalization of £187.96 million, a P/E ratio of 78.67 and a beta of 0.13.

Redcentric (LON:RCNGet Free Report) last announced its quarterly earnings data on Wednesday, December 10th. The company reported GBX 1.86 earnings per share for the quarter. Redcentric had a negative return on equity of 6.10% and a negative net margin of 2.11%. As a group, research analysts expect that Redcentric plc will post 8.8015647 EPS for the current year.

Insiders Place Their Bets

In related news, insider Richard McGuire purchased 29,000 shares of the stock in a transaction on Wednesday, December 24th. The shares were purchased at an average price of GBX 118 per share, with a total value of £34,220. Insiders purchased 75,000 shares of company stock valued at $8,896,000 in the last ninety days. 34.67% of the stock is owned by company insiders.

Redcentric Company Profile

(Get Free Report)

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.

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