Record (LON:REC) Stock Passes Below 200-Day Moving Average – Should You Sell?

Record plc (LON:REC)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 54.71 and traded as low as GBX 53.80. Record shares last traded at GBX 55, with a volume of 107,446 shares.

Record Price Performance

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 stock has a market cap of £106.24 million, a price-to-earnings ratio of 12.85 and a beta of 0.74. The company’s 50-day moving average is GBX 54.35 and its 200-day moving average is GBX 54.71.

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.