Redcentric (LON:RCN) Hits New 52-Week Low – What’s Next?

Redcentric plc (LON:RCN)’s stock price reached a new 52-week low on Friday . The stock traded as low as GBX 108 and last traded at GBX 109.82, with a volume of 56313078 shares. The stock had previously closed at GBX 112.

Redcentric Price Performance

The company has a current ratio of 1.56, a quick ratio of 0.34 and a debt-to-equity ratio of 85.17. The company has a 50 day moving average of GBX 125.03 and a 200-day moving average of GBX 121.13. The firm has a market capitalization of £174.96 million, a P/E ratio of 73.21 and a beta of 0.22.

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.