Record (LON:REC) Announces Quarterly Earnings Results

Record (LON:REC) announced its quarterly earnings data on Friday. The company reported GBX 2.84 EPS for the quarter, Digital Look Earnings reports. The firm had revenue of GBX 2,276 million during the quarter. Record had a net margin of 19.03% and a return on equity of 27.84%.

Record Trading Down 3.1%

Shares of Record stock opened at GBX 46.30 on Friday. The stock has a market capitalization of £90.41 million, a P/E ratio of 12.09 and a beta of 0.77. Record has a 12-month low of GBX 41.40 and a 12-month high of GBX 59.80. 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 company has a 50-day simple moving average of GBX 44 and a 200 day simple moving average of GBX 49.62.

Insider Buying and Selling at Record

In other news, insider Jan Witte sold 135,105 shares of Record stock in a transaction on Monday, August 10th. The shares were sold at an average price of GBX 44, for a total transaction of £59,446.20. 46.34% of the stock is currently owned by corporate insiders.

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.