Redcentric (LON:RCN) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of Redcentric plc (LON:RCNGet Free Report) 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.

Redcentric Stock Down 2.8 %

The firm has a 50 day moving average price of GBX 124.88 and a 200-day moving average price of GBX 134.88. The firm has a market cap of £181.65 million, a price-to-earnings ratio of -5,725.00 and a beta of 0.13. The company has a debt-to-equity ratio of 138.57, a current ratio of 0.77 and a quick ratio of 0.34.

Redcentric Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, December 12th will be paid a GBX 2.40 ($0.03) dividend. This represents a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Redcentric’s previous dividend of $1.20. Redcentric’s dividend payout ratio (DPR) is -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 ($1.72), for a total value of £52,229.76 ($67,989.79). 21.97% of the stock is currently owned by 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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