Record (LON:REC) Shares Pass Below 200 Day Moving Average – Time to Sell?

Shares of Record plc (LON:REC) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 57.19 and traded as low as GBX 56.45. Record shares last traded at GBX 57.60, with a volume of 62,482 shares traded.

Record Trading Down 1.0%

The firm has a market capitalization of £110.20 million, a P/E ratio of 13.33 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. The firm’s 50-day simple moving average is GBX 55.52 and its 200-day simple moving average is GBX 57.19.

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.