Record (LON:REC) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Record plc (LON:REC)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 55.07 and traded as low as GBX 55. Record shares last traded at GBX 57, with a volume of 63,988 shares trading hands.

Record Price Performance

The business has a 50 day moving average of GBX 53.64 and a 200 day moving average of GBX 55.06. The company has a market cap of £110.10 million, a PE ratio of 13.32 and a beta of 0.78. The company has a debt-to-equity ratio of 49.24, a current ratio of 37.68 and a quick ratio of 4.03.

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.