Redcentric (LON:RCN) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Posted by Jeff Wilder on Feb 8th, 2025

Shares of Redcentric plc (LON:RCN – Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 125.89 ($1.56) and traded as low as GBX 114 ($1.41). Redcentric shares last traded at GBX 116 ($1.44), with a volume of 45,746 shares traded.

Redcentric Stock Performance

The firm has a market capitalization of £184.03 million, a P/E ratio of -5,800.00 and a beta of 0.13. 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 firm has a 50-day moving average price of GBX 121.88 and a two-hundred day moving average price of GBX 125.89.

Redcentric (LON:RCN – Get Free Report) last posted its quarterly earnings results on Wednesday, November 20th. The company reported GBX 2.86 ($0.04) EPS for the quarter. Redcentric had a negative net margin of 2.11% and a negative return on equity of 6.11%. On average, analysts forecast that Redcentric plc will post 8.8015647 EPS for the current fiscal year.

Redcentric Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, April 25th. Investors of record on Thursday, March 13th will be paid a GBX 1.20 ($0.01) dividend. The ex-dividend date is Thursday, March 13th. This represents a yield of 1.03%. Redcentric’s dividend payout ratio (DPR) is currently -20,000.00%.

Redcentric Company Profile

(Get Free Report)

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.