Record (LON:REC) Posts Earnings Results

Record (LON:REC) announced its quarterly earnings results on Friday. The company reported GBX 3.92 earnings per share for the quarter, Digital Look Earnings reports. The company had revenue of GBX 4,010 million during the quarter. Record had a return on equity of 30.24% and a net margin of 21.42%.

Record Stock Down 10.5%

REC stock opened at GBX 48.50 on Friday. The company has a quick ratio of 4.03, a current ratio of 37.68 and a debt-to-equity ratio of 49.24. The firm has a market capitalization of £93.68 million, a PE ratio of 11.33 and a beta of 0.75. Record has a twelve month low of GBX 47.25 and a twelve month high of GBX 67.80. The stock has a 50-day simple moving average of GBX 54.60 and a two-hundred day simple moving average of GBX 54.73.

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.