Record (LON:REC) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Record plc (LON:REC) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 54.31 and traded as low as GBX 45.35. Record shares last traded at GBX 46, with a volume of 379,830 shares.

Record Price Performance

The stock has a 50-day simple moving average of GBX 53.62 and a 200 day simple moving average of GBX 54.21. 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 market cap of £88.27 million, a PE ratio of 10.68 and a beta of 0.79.

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

About Record

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.