Record (LON:REC) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Record plc (LON:REC)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 54.77 and traded as low as GBX 54.40. Record shares last traded at GBX 55.16, with a volume of 60,351 shares traded.

Record Price Performance

The company has a market cap of £105.08 million, a PE ratio of 12.71 and a beta of 0.74. The firm’s 50-day moving average is GBX 54.04 and its 200-day moving average is GBX 54.77. The company has a quick ratio of 4.03, a current ratio of 37.68 and a debt-to-equity ratio of 49.24.

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.