Record (LON:REC) Stock Breaks Below 200 Day Moving Average – Here’s Why

Shares of Record plc (LON:REC) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 48.29 and traded as low as GBX 41.70. Record shares last traded at GBX 43, with a volume of 98,042 shares changing hands.

Record Stock Up 3.1%

The firm has a 50 day moving average price of GBX 43.30 and a 200-day moving average price of GBX 48.29. The company has a current ratio of 49.85, a quick ratio of 4.03 and a debt-to-equity ratio of 24.30. The firm has a market cap of £83.97 million, a PE ratio of 11.23 and a beta of 0.77.

Insider Buying and Selling at Record

In related news, insider Jan Witte sold 135,105 shares of the firm’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. 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.