Redcentric (LON:RCN) Hits New 12-Month Low – Should You Sell?

Shares of Redcentric plc (LON:RCN) hit a new 52-week low on Thursday . The stock traded as low as GBX 95 and last traded at GBX 101, with a volume of 322277 shares. The stock had previously closed at GBX 97.

Redcentric Trading Up 4.1%

The firm has a market cap of £160.91 million, a price-to-earnings ratio of 67.33 and a beta of 0.22. The business’s 50 day moving average price is GBX 123.33 and its 200-day moving average price is GBX 120.80. The company has a debt-to-equity ratio of 85.17, a quick ratio of 0.34 and a current ratio of 1.56.

Redcentric Company Profile

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.