Record (LON:REC) Stock Breaks Below Two Hundred Day Moving Average – Should You Sell?

Shares of Record plc (LON:REC) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 49.34 and traded as low as GBX 42. Record shares last traded at GBX 42.80, with a volume of 284,509 shares trading hands.

Record Stock Up 0.7%

The business’s 50-day moving average is GBX 43.78 and its two-hundred day moving average is GBX 49.14. The firm has a market capitalization of £82.80 million, a price-to-earnings ratio of 11.07 and a beta of 0.77. The company has a debt-to-equity ratio of 24.30, a quick ratio of 4.03 and a current ratio of 49.85.

Insider Activity

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