Record (LON:REC) Sets New 1-Year Low – Time to Sell?

Shares of Record plc (LON:REC) hit a new 52-week low on Tuesday . The company traded as low as GBX 42.40 and last traded at GBX 44.10, with a volume of 1118006 shares traded. The stock had previously closed at GBX 44.60.

Record Stock Down 1.6%

The company has a debt-to-equity ratio of 24.30, a current ratio of 49.85 and a quick ratio of 4.03. The stock has a market capitalization of £83.38 million, a PE ratio of 11.15 and a beta of 0.75. The company has a 50 day moving average price of GBX 52.76 and a 200-day moving average price of GBX 53.89.

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

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.