Redcentric (LON:RCN) Share Price Passes Above 50-Day Moving Average – What’s Next?

Redcentric plc (LON:RCN) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 118.73 ($1.49) and traded as high as GBX 128.37 ($1.61). Redcentric shares last traded at GBX 128 ($1.60), with a volume of 8,999 shares changing hands.

Redcentric Price Performance

The firm has a market cap of £197.68 million, a PE ratio of -6,230.00 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 business’s fifty day moving average is GBX 118.73 and its 200-day moving average is GBX 128.14.

Redcentric Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, April 25th. Stockholders of record on Thursday, March 13th will be paid 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 currently -20,000.00%.

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.