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

Shares of Record plc (LON:RECGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 57.77 ($0.77) and traded as low as GBX 54.60 ($0.73). Record shares last traded at GBX 56.40 ($0.75), with a volume of 269,779 shares trading hands.

Record Stock Performance

The stock has a market capitalization of £111.80 million, a PE ratio of 11.72 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 firm’s 50 day moving average is GBX 59.21 and its two-hundred day moving average is GBX 57.77.

Insiders Place Their Bets

In other news, insider Jan Witte sold 970,694 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of GBX 59, for a total value of £572,709.46. Also, insider Kevin Ayles sold 180,939 shares of Record stock in a transaction on Friday, August 8th. The shares were sold at an average price of GBX 59, for a total value of £106,754.01. 47.41% of the stock is currently owned by corporate insiders.

About Record

(Get Free Report)

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.

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