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

Record plc (LON:REC)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 57.50 and traded as low as GBX 56.60. Record shares last traded at GBX 56.80, with a volume of 87,493 shares changing hands.

Record Trading Up 0.7%

The business’s 50 day simple moving average is GBX 54.93 and its 200 day simple moving average is GBX 57.46. The stock has a market cap of £108.17 million, a price-to-earnings ratio of 13.08 and a beta of 1.05. The company has a quick ratio of 4.03, a current ratio of 4.35 and a debt-to-equity ratio of 0.64.

Record (LON:REC) last issued its earnings results on Friday, November 7th. The company reported GBX 1.93 earnings per share (EPS) for the quarter. Record had a net margin of 430.56% and a return on equity of 680.45%. On average, research analysts expect that Record plc will post 4.691358 EPS for the current fiscal 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.