Record (LON:REC) Announces 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 company had revenue of GBX 2,276 million for the quarter. Record had a net margin of 19.03% and a return on equity of 27.84%.

Record Stock Performance

Shares of LON:REC traded down GBX 1.50 during midday trading on Friday, reaching GBX 46.30. 660,860 shares of the company’s stock traded hands, compared to its average volume of 247,708. Record has a one year low of GBX 41.40 and a one year high of GBX 59.80. The stock has a 50 day moving average of GBX 44 and a 200 day moving average of GBX 49.62. The company has a market cap of £90.41 million, a price-to-earnings ratio of 12.09 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 Buying and Selling at Record

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