Record (LON:REC) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Record plc (LON:REC) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 58.58 and traded as low as GBX 55.10. Record shares last traded at GBX 56.20, with a volume of 43,221 shares.

Record Price Performance

The stock has a market capitalization of £108.17 million, a PE ratio of 13.08 and a beta of 1.05. The business’s 50-day moving average price is GBX 55.99 and its 200 day moving average price is GBX 58.56. 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 posted its quarterly earnings data on Friday, November 7th. The company reported GBX 1.93 earnings per share (EPS) for the quarter. Record had a return on equity of 680.45% and a net margin of 430.56%. Research analysts forecast that Record plc will post 4.691358 earnings per share for the current 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.