Record (LON:REC) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Record plc (LON:REC)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 51.08 and traded as low as GBX 42. Record shares last traded at GBX 42.50, with a volume of 254,756 shares traded.

Record Stock Up 1.2%

The company has a quick ratio of 4.03, a current ratio of 49.85 and a debt-to-equity ratio of 24.30. The company has a market capitalization of £83.97 million, a P/E ratio of 11.23 and a beta of 0.77. The company has a 50-day moving average of GBX 44.49 and a two-hundred day moving average of GBX 51.02.

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

Insider Buying and Selling

In other Record news, insider Jan Witte sold 135,105 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of GBX 44, for a total transaction of £59,446.20. 46.33% of the stock is 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.