Record (LON:REC) Shares Cross Below Two Hundred Day Moving Average - What's Next?

Key Points

• Shares crossed below its 200-day moving average — Record traded as low as GBX 51 and last at GBX 52.40 versus a 200‑day MA of GBX 56.49, with volume of 207,345 shares.
• Mixed fundamentals and strong liquidity — market cap £101.22m, P/E 12.24 and beta 0.76, with a very high current ratio (37.68) and quick ratio (4.03) alongside a debt‑to‑equity of 49.24.
• Business profile — Record Financial Group is a specialist currency and asset manager with approximately $102.7 billion in AUM (as of 28 June 2024) serving institutional clients from multiple European offices.

Record plc (LON:REC - )'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 56.49 and traded as low as GBX 51. Record shares last traded at GBX 52.40, with a volume of 207,345 shares traded.

Trending Headlines about Record

Here are the key news stories impacting Record this week:

• Neutral Sentiment: Multiple outlets report widespread, record-breaking warm temperatures across the U.S. and locally (weekend/mid‑week heat spikes). These are macro/weather headlines with limited direct impact on Record plc’s UK-listed business, though extreme weather can affect markets and some sectors (energy, commodities, insurance) indirectly. Record highs are possible for the weekend Record-warmth on Saturday Record-breaking heat swelters the West Coast
• Neutral Sentiment: Additional regional coverage of the same heat wave (Bay Area and other local reports). Redundant with the above — useful for context on market sentiment around weather impacts but not directly tied to REC fundamentals. Record-breaking heat continues to bake Bay Area Record-breaking warmth through Saturday
• Neutral Sentiment: Forecast/analysis piece on a strong El Niño that could push 2027 toward record global heat. Macro climate trends can influence long-term sector rotations (energy, agriculture, insurance), but this is a broad macro story rather than a company-specific catalyst for REC. "Super" El Niño could make 2027 the hottest year on record
• Neutral Sentiment: Miscellaneous human-interest/sports items (LeBron games played record, large trout catch) — noise for investors in REC. LeBron James ties record for most games played Record trout story

Record Price Performance

The firm has a market cap of £101.22 million, a price-to-earnings ratio of 12.24 and a beta of 0.76. The company has a current ratio of 37.68, a quick ratio of 4.03 and a debt-to-equity ratio of 49.24. The stock's fifty day moving average price is GBX 55.63 and its 200-day moving average price is GBX 56.49.

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.

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