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

Shares of Redcentric plc (LON:RCN) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 125.50 and traded as low as GBX 120. Redcentric shares last traded at GBX 121.04, with a volume of 29,806 shares.

Redcentric Trading Up 1.2%

The company has a debt-to-equity ratio of 138.57, a current ratio of 0.77 and a quick ratio of 0.34. The stock’s 50-day moving average is GBX 119.95 and its two-hundred day moving average is GBX 125.50. The company has a market cap of £196.72 million, a P/E ratio of 82.33 and a beta of 0.13.

Redcentric (LON:RCN) last released its quarterly earnings results on Wednesday, December 10th. The company reported GBX 1.86 earnings per share for the quarter. Redcentric had a negative return on equity of 6.10% and a negative net margin of 2.11%. As a group, equities research analysts predict that Redcentric plc will post 8.8015647 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Richard McGuire bought 29,000 shares of the company’s stock in a transaction on Wednesday, December 24th. The shares were acquired at an average cost of GBX 118 per share, with a total value of £34,220. Insiders bought a total of 75,000 shares of company stock valued at $8,896,000 over the last 90 days. 34.67% of the stock is currently owned by corporate insiders.

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.