Redcentric (LON:RCN) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Redcentric plc (LON:RCN) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 116.69 and traded as high as GBX 119. Redcentric shares last traded at GBX 116.20, with a volume of 65,396 shares.

Redcentric Stock Up 0.8%

The business has a fifty day simple moving average of GBX 116.71 and a 200 day simple moving average of GBX 120.33. The firm has a market cap of £191.18 million, a price-to-earnings ratio of 80.00 and a beta of 0.17. The company has a debt-to-equity ratio of 85.17, a current ratio of 1.56 and a quick ratio of 0.34.

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.