Redcentric (LON:RCN) Shares Cross Below 200-Day Moving Average – Time to Sell?

Redcentric plc (LON:RCN)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 125.92 and traded as low as GBX 118.30. Redcentric shares last traded at GBX 119, with a volume of 51,081 shares.

Redcentric Stock Down 2.3%

The company has a market capitalization of £189.56 million, a price-to-earnings ratio of 79.33 and a beta of 0.13. The business has a fifty day simple moving average of GBX 120.41 and a two-hundred day simple moving average of GBX 125.92. 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 issued its earnings results on Wednesday, December 10th. The company reported GBX 1.86 earnings per share (EPS) for the quarter. Redcentric had a negative return on equity of 6.10% and a negative net margin of 2.11%. Equities analysts expect that Redcentric plc will post 8.8015647 EPS for the current year.

Insider Transactions at Redcentric

In other news, insider Richard McGuire bought 29,000 shares of Redcentric stock in a transaction dated Wednesday, December 24th. The shares were bought at an average price of GBX 118 per share, for a total transaction of £34,220. Insiders acquired 75,000 shares of company stock worth $8,896,000 in the last three months. Corporate insiders own 34.67% of the company’s stock.

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.