Redcentric (LON:RCN) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Redcentric plc (LON:RCN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 123.97 and traded as low as GBX 115.50. Redcentric shares last traded at GBX 115.50, with a volume of 20,288 shares changing hands.

Redcentric Price Performance

The firm’s 50-day moving average is GBX 118.38 and its two-hundred day moving average is GBX 123.75. The company has a market cap of £184.79 million, a P/E ratio of 77.33 and a beta of 0.13. The company has a debt-to-equity ratio of 85.17, a current ratio of 1.56 and a quick ratio of 0.34.

Insider Buying and Selling at Redcentric

In other Redcentric news, insider Richard McGuire bought 24,992 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average cost of GBX 119 per share, for a total transaction of £29,740.48. In the last 90 days, insiders have bought 75,000 shares of company stock valued at $8,896,000. Insiders own 34.71% 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.