Redcentric (LON:RCN) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Redcentric plc (LON:RCN)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 135.15 ($1.76) and traded as low as GBX 117 ($1.52). Redcentric shares last traded at GBX 117 ($1.52), with a volume of 2,798 shares traded.

Redcentric Trading Down 0.8 %

The stock has a 50-day moving average of GBX 125.30 and a two-hundred day moving average of GBX 135.02. The company has a market cap of £185.24 million, a P/E ratio of -5,850.00 and a beta of 0.13. The company has a debt-to-equity ratio of 138.57, a quick ratio of 0.34 and a current ratio of 0.77.

Redcentric Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, December 12th will be issued a dividend of GBX 2.40 ($0.03) per share. The ex-dividend date is Thursday, December 12th. This is an increase from Redcentric’s previous dividend of $1.20. This represents a dividend yield of 1.83%. Redcentric’s dividend payout ratio (DPR) is presently -20,000.00%.

Insider Buying and Selling

In other Redcentric news, insider David Senior sold 39,568 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of GBX 132 ($1.72), for a total transaction of £52,229.76 ($67,989.79). 21.97% of the stock is currently owned by company 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.