Record (LON:REC) Shares Pass Below 200 Day Moving Average – What’s Next?

Record plc (LON:REC) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 57.50 and traded as low as GBX 56.60. Record shares last traded at GBX 56.80, with a volume of 87,493 shares trading hands.

Record Stock Up 1.4%

The firm has a market capitalization of £109.71 million, a P/E ratio of 13.27 and a beta of 1.05. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.03 and a current ratio of 4.35. The stock has a 50 day moving average of GBX 54.91 and a 200-day moving average of GBX 57.50.

Record (LON:REC) last posted its quarterly earnings results on Friday, November 7th. The company reported GBX 1.93 earnings per share (EPS) for the quarter. Record had a net margin of 430.56% and a return on equity of 680.45%. Research analysts predict that Record plc will post 4.691358 earnings per share for the current fiscal year.

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.