Redcentric (LON:RCN) Stock Passes Below Two Hundred Day Moving Average of $136.33

Redcentric plc (LON:RCN) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 136.33 ($1.83) and traded as low as GBX 126.88 ($1.70). Redcentric shares last traded at GBX 130 ($1.74), with a volume of 11,501 shares changing hands.

Redcentric Stock Performance

The company has a debt-to-equity ratio of 138.57, a quick ratio of 0.34 and a current ratio of 0.77. The company has a market capitalization of £206.22 million, a P/E ratio of -6,510.00 and a beta of 0.13. The firm has a 50 day moving average price of GBX 134.99 and a two-hundred day moving average price of GBX 136.29.

Redcentric Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, December 12th will be paid a dividend of GBX 2.40 ($0.03) per share. This is a positive change from Redcentric’s previous dividend of $1.20. This represents a yield of 1.83%. The ex-dividend date is Thursday, December 12th. Redcentric’s dividend payout ratio is currently -20,000.00%.

Insider Buying and Selling at Redcentric

In related news, insider David Senior sold 39,568 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of GBX 132 ($1.77), for a total transaction of £52,229.76 ($69,938.08). Company insiders own 22.21% of the company’s stock.

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.