Redcentric (LON:RCN) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Redcentric plc (LON:RCN) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 116.98 and traded as high as GBX 119. Redcentric shares last traded at GBX 118, with a volume of 37,831 shares.

Redcentric Stock Performance

The company has a current ratio of 1.56, a quick ratio of 0.34 and a debt-to-equity ratio of 85.17. The stock has a market capitalization of £188.79 million, a PE ratio of 79.00 and a beta of 0.17. The firm’s 50-day simple moving average is GBX 116.98 and its two-hundred day simple moving average is GBX 121.

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.