Record (LON:REC) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Shares of Record plc (LON:REC) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 58.50 and traded as low as GBX 53. Record shares last traded at GBX 55.50, with a volume of 230,871 shares changing hands.

Record Price Performance

The company has a market cap of £107.20 million, a price-to-earnings ratio of 12.97 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 company’s 50 day moving average price is GBX 55.43 and its 200 day moving average price is GBX 58.50.

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

Record Company Profile

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.