Redcentric (LON:RCN) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Redcentric plc (LON:RCN)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 126.93 and traded as low as GBX 120. Redcentric shares last traded at GBX 122, with a volume of 13,245 shares trading hands.

Redcentric Stock Up 3.7%

The stock has a market capitalization of £201.48 million, a price-to-earnings ratio of 59.39 and a beta of 0.13. The firm has a 50-day moving average of GBX 124.56 and a 200 day moving average of GBX 126.93. The company has a current ratio of 0.77, a quick ratio of 0.34 and a debt-to-equity ratio of 138.57.

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, sell-side analysts anticipate that Redcentric plc will post 8.8015647 earnings per share for the current year.

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.