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

Redcentric plc (LON:RCN) shares 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 traded.

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

Redcentric Increases Dividend

The business also recently declared 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. This represents a dividend yield of 1.83%. The ex-dividend date is Thursday, December 12th. This is an increase from Redcentric’s previous dividend of $1.20. Redcentric’s dividend payout ratio is -20,000.00%.

Insider Buying and Selling

In other Redcentric news, insider David Senior sold 39,568 shares of the stock in a transaction dated 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). Insiders own 21.97% 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.