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

Redcentric plc (LON:RCN)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 122.98 and traded as low as GBX 115. Redcentric shares last traded at GBX 115.75, with a volume of 43,897 shares traded.

Redcentric Trading Up 0.6%

The firm has a market cap of £184.39 million, a PE ratio of 77.16 and a beta of 0.13. The company’s fifty day moving average price is GBX 117.95 and its two-hundred day moving average price is GBX 122.98. The company has a quick ratio of 0.34, a current ratio of 1.56 and a debt-to-equity ratio of 85.17.

Insider Buying and Selling

In other Redcentric news, insider Richard McGuire acquired 24,992 shares of the stock in a transaction on Wednesday, December 31st. The shares were bought at an average price of GBX 119 per share, with a total value of £29,740.48. 34.71% of the stock is currently owned by insiders.

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.