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

Redcentric plc (LON:RCN - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 136.37 ($1.77) and traded as low as GBX 113.20 ($1.47). Redcentric shares last traded at GBX 119 ($1.55), with a volume of 85,185 shares changing hands.

Redcentric Trading Down 2.5 %

The firm has a market capitalization of £184.03 million, a PE ratio of -5,850.00 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. The stock's fifty day simple moving average is GBX 130.10 and its 200 day simple moving average is GBX 136.32.

Redcentric Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, December 12th will be paid a GBX 2.40 ($0.03) dividend. The ex-dividend date is Thursday, December 12th. This is a boost from Redcentric's previous dividend of $1.20. This represents a dividend yield of 1.83%. Redcentric's dividend payout ratio is -20,000.00%.

Insider Transactions at Redcentric

In related 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 ($1.71), for a total transaction of £52,229.76 ($67,813.24). Corporate insiders own 21.97% 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.