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

Redcentric plc (LON:RCN) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 135.79 ($1.76) and traded as low as GBX 112 ($1.45). Redcentric shares last traded at GBX 120.75 ($1.57), with a volume of 105,041 shares traded.

Redcentric Trading Up 0.2 %

The stock has a market capitalization of £190.38 million, a price-to-earnings ratio of -5,923.50 and a beta of 0.13. The company’s 50-day moving average is GBX 126.61 and its 200-day moving average is GBX 135.54. The company has a quick ratio of 0.34, a current ratio of 0.77 and a debt-to-equity ratio of 138.57.

Redcentric Increases Dividend

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

Insider Activity

In other Redcentric news, insider David Senior sold 39,568 shares of Redcentric stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of GBX 132 ($1.71), for a total value of £52,229.76 ($67,734.09). Corporate insiders own 21.97% of the company’s stock.

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.