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

Redcentric plc (LON:RCN) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 133.98 ($1.69) and traded as low as GBX 116.30 ($1.47). Redcentric shares last traded at GBX 118.25 ($1.49), with a volume of 54,105 shares.

Redcentric Price Performance

The business has a fifty day moving average of GBX 123.55 and a two-hundred day moving average of GBX 133.98. The firm has a market capitalization of £187.60 million, a price-to-earnings ratio of -5,912.50 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.

Insider Transactions at Redcentric

In other news, insider David Senior sold 39,568 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of GBX 132 ($1.66), for a total value of £52,229.76 ($65,822.00). 21.97% of the stock is owned by corporate insiders.

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.