Record (LON:REC) Hits New 52-Week Low – What’s Next?

Record plc (LON:REC)’s stock price reached a new 52-week low on Monday . The stock traded as low as GBX 46.80 and last traded at GBX 46.80, with a volume of 1484786 shares traded. The stock had previously closed at GBX 47.

Record Price Performance

The stock’s 50 day simple moving average is GBX 54.39 and its 200-day simple moving average is GBX 54.56. The firm has a market cap of £85.76 million, a price-to-earnings ratio of 10.37 and a beta of 0.75. The company has a debt-to-equity ratio of 24.30, a quick ratio of 4.03 and a current ratio of 49.85.

Record (LON:REC) last announced its quarterly earnings data 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 firm had revenue of GBX 4,010 million for the quarter. Equities research analysts anticipate that Record plc will post 4.691358 EPS for the current fiscal 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.