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

Redcentric plc (LON:RCN) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 123.18 ($1.59) and traded as low as GBX 117 ($1.51). Redcentric shares last traded at GBX 117 ($1.51), with a volume of 96,958 shares traded.

Redcentric Stock Down 0.0 %

The stock has a market cap of £184.07 million, a price-to-earnings ratio of -53.53 and a beta of 0.13. 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 stock’s 50-day moving average price is GBX 121.83 and its 200-day moving average price is GBX 123.18.

Redcentric Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, April 25th. Stockholders of record on Thursday, March 13th will be given a GBX 1.20 ($0.02) dividend. The ex-dividend date is Thursday, March 13th. This represents a dividend yield of 1.03%. Redcentric’s dividend payout ratio (DPR) is currently -181.16%.

About Redcentric

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.