Redcentric (LON:RCN) Stock Price Crosses Below 200 Day Moving Average - Should You Sell?

Redcentric plc (LON:RCN - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 123.84 ($1.56) and traded as low as GBX 118 ($1.48). Redcentric shares last traded at GBX 119 ($1.50), with a volume of 49,613 shares trading hands.

Redcentric Trading Up 2.5 %

The company has a current ratio of 0.77, a quick ratio of 0.34 and a debt-to-equity ratio of 138.57. The firm has a 50-day moving average of GBX 121.80 and a 200 day moving average of GBX 123.58. The company has a market cap of £189.99 million, a P/E ratio of -55.25 and a beta of 0.13.

Redcentric Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 25th. Investors of record on Thursday, March 13th will be given a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date is Thursday, March 13th. This represents a dividend yield of 1.03%. Redcentric's payout ratio is -181.16%.

About Redcentric

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.