Record (LON:REC) Stock Passes Below 200-Day Moving Average – Time to Sell?

Record plc (LON:REC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 49.91 and traded as low as GBX 42.90. Record shares last traded at GBX 43, with a volume of 143,271 shares traded.

Record Price Performance

The company has a market capitalization of £87.29 million, a PE ratio of 11.67 and a beta of 0.77. The company has a quick ratio of 4.03, a current ratio of 49.85 and a debt-to-equity ratio of 24.30. The firm’s 50-day moving average is GBX 43.80 and its 200-day moving average is GBX 49.81.

Record (LON:REC) last posted its quarterly earnings data on Friday, June 19th. The company reported GBX 3.92 earnings per share (EPS) for the quarter. The firm had revenue of GBX 4,010 million during the quarter. Record had a return on equity of 27.84% and a net margin of 19.03%. Equities analysts predict that Record plc will post 4.691358 earnings per share for the current fiscal year.

Insider Activity at Record

In other news, insider Jan Witte sold 135,105 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of GBX 44, for a total value of £59,446.20. Company insiders own 46.34% of the company’s stock.

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.