Record (LON:REC) Sets New 12-Month Low – What’s Next?

Record plc (LON:REC)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 42.40 and last traded at GBX 44.10, with a volume of 1118006 shares. The stock had previously closed at GBX 44.60.

Record Stock Down 1.1%

The firm has a market capitalization of £85.18 million, a price-to-earnings ratio of 11.51 and a beta of 0.75. The stock has a fifty day moving average of GBX 53.18 and a two-hundred day moving average of GBX 54.03. The company has a debt-to-equity ratio of 24.30, a current ratio of 49.85 and a quick ratio of 4.03.

Record (LON:REC) last announced its earnings results on Friday, June 19th. The company reported GBX 3.92 EPS for the quarter. Record had a return on equity of 27.84% and a net margin of 19.03%.The firm had revenue of GBX 4,010 million for the quarter. Sell-side analysts anticipate that Record plc will post 4.691358 earnings per share for the current 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.