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

Redcentric plc (LON:RCN)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 121.18 ($1.60) and traded as low as GBX 121 ($1.60). Redcentric shares last traded at GBX 122 ($1.61), with a volume of 36,736 shares trading hands.

Redcentric Price Performance

The company has a market capitalization of £189.99 million, a price-to-earnings ratio of -55.25 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 company’s 50 day simple moving average is GBX 121.13 and its 200-day simple moving average is GBX 121.18.

Redcentric Cuts Dividend

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

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.