Redcentric (LON:RCN) Hits New 52-Week Low – Here’s Why

Redcentric plc (LON:RCN) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 95 and last traded at GBX 101, with a volume of 322277 shares traded. The stock had previously closed at GBX 97.

Redcentric Price Performance

The stock has a market cap of £160.91 million, a PE ratio of 67.33 and a beta of 0.22. The company has a debt-to-equity ratio of 85.17, a current ratio of 1.56 and a quick ratio of 0.34. The business has a fifty day moving average of GBX 123.33 and a 200 day moving average of GBX 120.80.

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.