Redcentric (LON:RCN) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Redcentric plc (LON:RCN)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 125.08 and traded as low as GBX 118. Redcentric shares last traded at GBX 119, with a volume of 1,541 shares trading hands.

Redcentric Trading Down 1.0%

The business’s 50 day simple moving average is GBX 119.41 and its two-hundred day simple moving average is GBX 125.08. The stock has a market cap of £189.57 million, a P/E ratio of 79.33 and a beta of 0.13. 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 (LON:RCN) last announced its quarterly earnings results on Wednesday, December 10th. The company reported GBX 1.86 EPS for the quarter. Redcentric had a negative return on equity of 6.10% and a negative net margin of 2.11%. As a group, analysts expect that Redcentric plc will post 8.8015647 EPS for the current year.

Insider Buying and Selling

In other news, insider Richard McGuire purchased 29,000 shares of the business’s stock in a transaction dated Wednesday, December 24th. The shares were purchased at an average cost of GBX 118 per share, with a total value of £34,220. Insiders bought 75,000 shares of company stock valued at $8,896,000 in the last ninety days. 34.71% of the stock is currently owned by company 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.