Record (LON:REC) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Record plc (LON:REC) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 51.64 and traded as low as GBX 44.34. Record shares last traded at GBX 44.50, with a volume of 67,801 shares.

Record Stock Performance

The firm’s 50-day moving average is GBX 45.49 and its 200 day moving average is GBX 51.49. The company has a debt-to-equity ratio of 24.30, a quick ratio of 4.03 and a current ratio of 49.85. The stock has a market cap of £86.70 million, a PE ratio of 11.59 and a beta of 0.77.

Record (LON:REC) last released its quarterly earnings results on Friday, June 19th. The company reported GBX 3.92 earnings per share (EPS) for the quarter. Record had a return on equity of 27.84% and a net margin of 19.03%.The firm had revenue of GBX 4,010 million for the quarter. As a group, research analysts anticipate that Record plc will post 4.691358 EPS for the current year.

Insider Buying and Selling at Record

In other news, insider Jan Witte sold 135,105 shares of Record stock in a transaction dated Monday, August 10th. The shares were sold at an average price of GBX 44, for a total value of £59,446.20. 46.33% of the stock is currently owned by insiders.

About Record

Record Financial Group is a leading specialist currency and asset manager with $102.7 billion in Assets Under Management Equivalents (as of 28th June 2024) for institutional clients, with global offices across London, Frankfurt, Zürich and Düsseldorf.

We have over 40 years’ experience in passive and active currency hedging, as well as return-seeking strategies. We can simplify currency for you and provide cost-effective solutions to almost all currency-related challenges. Our clients are asset managers, pension funds, foundations, and other institutional investors.

Our asset management team offers best in class, yield-seeking strategies across various private market asset classes including EM Debt, Digital Lending, Private Credit and Infrastructure strategies.