Record (LON:REC) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Record plc (LON:REC)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 57.70 and traded as low as GBX 55. Record shares last traded at GBX 57, with a volume of 164,600 shares traded.

Record Stock Performance

The firm has a market cap of £110.10 million, a price-to-earnings ratio of 13.32 and a beta of 1.05. The stock has a 50-day moving average of GBX 54.58 and a 200-day moving average of GBX 57.70. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.03 and a current ratio of 4.35.

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%. As a group, analysts anticipate that Record plc will post 4.691358 EPS 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.