Record (LON:REC) Shares Break Below 200-Day Moving Average – Here’s Why
by Mitch Edgeman · The Markets DailyRecord plc (LON:REC – Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 48.68 and traded as low as GBX 41.70. Record shares last traded at GBX 42.20, with a volume of 385,988 shares.
Record Stock Performance
The company has a quick ratio of 4.03, a current ratio of 49.85 and a debt-to-equity ratio of 24.30. The stock has a 50 day simple moving average of GBX 43.54 and a 200 day simple moving average of GBX 48.63. The company has a market cap of £82.80 million, a price-to-earnings ratio of 11.07 and a beta of 0.77.
Insider Transactions at Record
In other news, insider Jan Witte sold 135,105 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of GBX 44, for a total transaction of £59,446.20. 46.34% of the stock is currently owned by insiders.
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.